Before SpaceX went public, institutions urged the SEC to investigate its financial condition

robot
Abstract generation in progress

ME News report, May 7 (UTC+8). On May 6, the consulting firm SOC Investment Group urged the U.S. Securities and Exchange Commission (SEC) to investigate SpaceX’s financial condition before its listing, as the valuation for this listing may exceed $2 trillion. The firm said the relationship between SpaceX and other companies under Elon Musk is concerning. In a letter dated May 6 and submitted to the SEC, SOC asked the SEC to review the accuracy and reliability of SpaceX’s financial disclosures and ensure that SpaceX’s auditing firm remains independent. SOC also urged the SEC to focus on reviewing the accounting treatment of transactions between SpaceX and Musk’s other companies. The letter said: “We are especially concerned that SpaceX’s IPO will expose a large number of investors to a company whose value may decline after financial disclosures are independently reviewed and verified.” (Jin10) (Source: BlockBeats)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin