• Fmstrat@lemmy.world
    link
    fedilink
    English
    arrow-up
    7
    ·
    2 hours ago

    SpaceX on Tuesday disclosed it would acquire Cursor for $60 billion in stock, representing roughly 3.4% dilution—meaning investor stakes will represent a smaller percentage of the company—of SpaceX’s $1.77 trillion IPO valuation.

    I never understood this. Dilution should require a vote from owners.

    • Juniperus@infosec.pub
      link
      fedilink
      English
      arrow-up
      1
      ·
      55 minutes ago

      Dilution should require a vote from owners.

      Would it be helpful if that had been written into the company’s AoI and server software?