The SEC should delay SpaceX's IPO to address concerns about its valuation, governance structure, and potential harm to small investors and retirees.

Breaking Financial News: Sen. Elizabeth Warren (D-MA) | Warren Calls on SEC to Delay SpaceX IPO "Questionable valuation, flawed governance structure, index fund changes raise concerns about impact on retirees and small investors, windfall for SpaceX insiders" “...factors exacerbate concerns and require action by the SEC to meet its investor protection and market integrity mandates by delaying the IPO." https://www.banking.senate.gov/newsroom/minority/warren-calls-on-sec-to-delay-spacex-ipo 1/ #SpaceX #SpaceXIPO

#elizabethWarren Calls on #SEC to Delay #SpaceX #IPO. Questionable valuation, flawed #governance structure, index fund changes raise concerns about impact on #retirees and small #investors, windfall for SpaceX insiders. “(T)his IPO appears to present significant risks to ordinary investors and their #retirement #savings – while carrying enormous advantages for SpaceX insiders” https://www.banking.senate.gov/newsroom/minority/warren-calls-on-sec-to-delay-spacex-ipo #congress #biillionaires #trillionaires #pensions #musk #economy #insider Text of Letter (PDF)