SpaceX has appointed longtime Elon Musk ally Roelof Botha as an independent director and audit committee member days after its record IPO. The move adds a key Sequoia Capital figure to a board where Musk holds overwhelming voting control.
Musk controls more than 82 percent of voting rights at SpaceX and owns shares worth over $1 trillion, a governance structure that limits outside shareholders' influence.
Botha becomes the latest longtime Musk ally to join the board of one of his companies.
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