this post was submitted on 19 Jun 2026
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[–] Fmstrat@lemmy.world 11 points 2 days ago (2 children)

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.

[–] Pyr_Pressure@lemmy.ca 4 points 1 day ago (1 children)

You vote by selling your stock if you disagree.

Are more than 50% of shares not owned by Musk? If not, a vote wouldn't even matter.

[–] Fmstrat@lemmy.world 1 points 1 day ago

What about indication of change? I.E. ability to sell before dilution.

[–] Juniperus@infosec.pub 4 points 1 day 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?