A public company with weak corporate governance where the board rubber stamps whatever the CEO wants and that CEO happens to own 40% of the stock and 80% of the voting control doesn’t respond to any public concerns. That is a strength. It does allow Elon to execute strategy that might not have public support. That’s also a lot of power to place in the hands of one person.

As Aristotle said, all forms of government have a good form and a corrupt form. A just king can be highly effective and create human flourishing but a bad king is highly destructive. A good democracy and tyranny of the mob majority are equivalent. We need checks and balances in all forms of human organization. SpaceX has no checks or at least is on a path to where there will be none.

Elon recently said, if his plans go as expected, SpaceX will be more valuable the earth. And he is right. How is humanity going to have checks and balances when that happens?