Texas-based environmental rights group The South Texas Environmental Justice Network said on Monday that it will hold protests outside SpaceX’s HQ in Starbase as investors visit the facility ahead of the company’s IPO.
Pressuring Pension Funds To Avoid IPO
The group’s co-founder, Bekah Hinojosa, is urging investors to boycott the IPO amid concerns about the company’s environmental impact, while also lobbying the New York City Comptroller’s office to avoid the IPO for the city’s pension fund, Reuters reported on Monday.
Hinjosa, a resident of Brownsville, which is a town near Starbase, shared that she feels like the town is “being bombed by Elon Musk.”
The report said that a failed launch at the HQ in 2023 had sent a cloud of concrete over a nearby town, as well as started a fire spanning 3.5 acres …
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