[jonathankoren]

Whoa. So he's diverting employees and equipment from investor backed SpaceX, to a side venture where he owns 90% of the equity?

This is sketchy fiduciary duty. Right up there when he bailed out his brother's SolarCity by having Tesla buy it because every car manufacture needs to get into the rooftop solar business.

[gamblor956]

You're being voted down by the Tesla brigade, but you are absolutely right. Given the de minimis SpaceX equity in BoringCo, Musk's use of SpaceX resources without compensation by BoringCo is a flagrant violation of his fiduciary duties to SpaceX's investors.

That's why it's been so important to him to keep his boards stocked with friends and family--an actual corporate board of directors would have sent him to the curb long ago.