Senator Warren calls on the Securities and Exchange Commission to delay SpaceX's IPO.

Massachusetts Democratic Senator Elizabeth Warren has become the latest person to question the initial public offering (IPO) of SpaceX, expressing concerns that the listing plan could pose risks to individual investors. Warren wrote a letter to Securities and Exchange Commission Chairman Paul Atkins on Tuesday, requesting regulatory authorities to delay the IPO process for SpaceX. She stated that the IPO "seems to pose significant risks to ordinary investors and their retirement savings." The senator is worried that Wall Street is enthusiastically embracing the IPO, with Nasdaq and FTSE Russell index companies planning to quickly include SpaceX in their indexes, which would force index funds to buy SpaceX stocks overnight, affecting the investment portfolios of millions of American citizens. While this letter is unlikely to achieve the goal of delaying the IPO, it raises several risk concerns, including: SpaceX's multi-class share structure, with Elon Musk's voting rights ten times that of public shares. The company's estimated valuation of $1.77 trillion, which is significantly higher than some analysts' estimates. The ability of the Securities and Exchange Commission to accurately assess the grand ambitions proposed by SpaceX. Warren specifically questions the valuation of SpaceX, which is based on the acquisition of Musk's artificial intelligence lab xAI, essentially making the billionaire both the buyer and seller in the transaction. Warren stated in an interview with Trading Record, "Normally, the Securities and Exchange Commission would require companies to provide more detailed and rigorous evidence to prove the sources of valuation data and supporting materials. Allowing Elon Musk to value his own transactions at an outrageously high level is laughable to market analysts."