Economist Robert Reich criticized Elon Musk-led SpaceX's upcoming IPO, calling it the 'universe's largest Ponzi scheme' due to its high valuation at roughly 100 times projected 2025 revenue. Reich highlighted concerns about SpaceX's speculative goals and Musk's control through Class-B shares with 10 times voting power, limiting shareholder influence. He warned that many Americans' retirement savings could be tied to SpaceX's market value without choice. Senator Elizabeth Warren also urged delaying the IPO over valuation concerns. This scrutiny raises questions about the IPO's impact on investors and market trust.
SpaceX is launching its IPO at $135 per share, with high initial volatility expected. The company’s revenue mainly comes from its profitable Starlink satellite internet service, which generated $11.4 billion in 2025. However, much of the IPO valuatio...
Retail investors are selling shares in leading AI-related semiconductor companies such as Micron Technology and Advanced Micro Devices to raise cash for the upcoming SpaceX IPO, which is set to be the largest in history at $75 billion. This selling p...
SpaceX is allocating only about 20% of its highly anticipated IPO to retail investors, lower than the previously expected 30%. This change indicates strong demand from institutional investors competing for shares. Despite the reduced retail portion, ...
