Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's good to be with you on this Thursday, May 7th. I'm Julie Morgan.

SpaceX has reportedly adopted corporate governance policies that will give its CEO's sweeping authority and limit shareholder rights when it goes public.

According to Reuters, the rocket maker is using supervoting shares, mandatory arbitration,

stricter rules on shareholder proposals, and Texas corporate law to give Elon Musk and other

insiders board control. SpaceX also limited investors' ability to

challenge management, sue in court, enforce votes on governance issues. And Musk can only be fired as

CEO and chairman of the board by the vote of Class B shareholders, referring to the super voting shares. Class B shareholders will have

10 votes for every Class A share available to everyday investors. Only Musk, his family, and

certain entities will be eligible to receive Class B stock. These shares will allow the CEO to retain

more than 50% of voting power after SpaceX goes public,

meaning his removal from the board would effectively require a self-vote.

He currently has 42.5% of SpaceX's equity and 83.8% of the voting control.

But these policies may not deter investors

who would not want to miss out on what's expected

to be the biggest IPO ever

and potential returns similar to those of Tesla.

GameStop CEO Ryan Cohen's eBay account has been suspended.

Cohen posted an image on X with the text, your eBay account has been suspended. Cohen posted an image on X with the text,

Your eBay account has been permanently suspended

because of activity that we believe was putting the eBay community at risk.

We told you on Monday's edition of Wall Street Breakfast

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