ShaReRe Creative Commons License 2017.04.01 0 0 1193

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"According to SolarCity CEO Lyndon Rive, SpaceX goes through the same process to buy the bonds as any investor, meaning going through the website. But in SpaceX’s case, SolarCity needs to disclose the transaction with the SEC because of the relations between the 2 companies. Elon Musk is CEO and a major shareholder of SpaceX, he is also Chairman of the board and the largest shareholder of SolarCity. Lyndon Rive and Peter Rive are Musk’s cousins and respectively CEO and CTO of SolarCity. They are also both shareholders of SpaceX.

The companies also share several investors with Tesla Motors."

 

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