Source: CNBC
Summary
Doug Leone, former Sequoia Capital leader, has joined SpaceX’s board of directors, filling an existing vacancy. The move comes just days after the company went public in the largest initial public offering (IPO) in history. SpaceX did not disclose the exact date of Leone’s appointment. Leone has invested in several high-profile companies, including WhatsApp and Airbnb. His addition to the board is seen as a significant move for SpaceX as it navigates its new status as a publicly traded company.
Our Reading
The launch follows a familiar script.
SpaceX adds a new face to its board, just in time for its new life as a public company. Doug Leone, a veteran investor, joins the team. Because what’s a massive IPO without a few familiar names on the board? Leone’s experience with WhatsApp and Airbnb is touted as a big plus. But let’s be real, this is just another iteration of “insert successful person here” to calm investors.
Author: Evan Null
