Jilted SpaceX Investor Seeks Reversal
The “Musk-iverse” still includes Delaware, even if Elon Musk’s companies no longer call it home.
The term comes from Vice Chancellor J. Travis Laster’s July 2025 Chancery Court opinion finding a major SpaceX investor had little choice but to drop a Hong Kong-based subsidiary of China’s Leo Group from a consortium formed to buy a piece of Musk’s rocket venture. (Musk wasn’t directly involved in the litigation.)
SpaceX is one of the world’s most valuable privately held companies. When its CFO made clear the company would scuttle any deal involving Leo Group, it was “hardly ...
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