‍INVESTOR PROTECTION COALITION CONDEMNS SPACEX GOVERNANCE, LAUNCHES CONSUMER TOOL TO VOICE CONCERNS TO FINANCIAL INSTITUTIONS

WASHINGTON, DC – JUNE 12, 2026 – As SpaceX stock hits markets today, the Alliance to Protect Shareholder Value released the following statement condemning the company’s extreme governance structure that grants Elon Musk an unprecedented level of consolidated control and strips shareholders of their right to hold the company accountable if the company or any of its officers, directors, or controlling managers breaks the law.

The Alliance, which is led by Americans for Financial Reform (AFR), the Consumer Federation of America (CFA), the Healthy Markets Association and the American Association for Justice (AAJ), also launched a new tool to allow retirement savers and investors to contact their financial institutions to voice their concerns. 

The Alliance to Protect Shareholder Value stated: 

As SpaceX goes public today, it threatens to usher in an unprecedented attack on fundamental shareholder rights. With extreme corporate governance policies to consolidate power with Elon Musk, the world’s first trillionaire, and provide itself with preemptive immunity from any meaningful legal accountability, SpaceX is availing itself of radical and dubious policy changes at the SEC and changes to Texas corporate law to wipe out protections for the very people whose investments are fueling its record-breaking IPO. With SpaceX’s imminent inclusion in indices and retirement portfolios, many consumers are rightly enraged that SpaceX’s inner circle and wealthy early investors are preparing for a financial windfall while retirement savers may be left holding the bag.