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News, on June 10, according to CNN reporter Matt Egan’s further disclosure, Elizabeth Warren, Vice Chair of the Democratic Conference in the U.S. Senate, has officially made public a letter to SEC Chair Paul Atkins, requesting a delay of SpaceX’s IPO. The reasons cited in the letter are:
- Concerns about SpaceX’s valuation, which may be seriously overestimated;
- Flaws in the company’s governance structure, with insufficient investor protection;
- Recent changes to index fund rules mean that after SpaceX goes public, it will be rapidly included in major indexes, forcing passive funds to take on buys at high prices;
- The inclusion of the above indexes will systematically transmit valuation risk to millions of retirement savings accounts;
- This IPO poses significant risk to ordinary investors and retirement savings;
- The IPO structure brings substantial benefits to SpaceX insiders, and there is unfair distribution of interests;
- The market environment is not normal, and multiple factors combined further increase risk;
- The SEC must fulfill its statutory duties to protect investors and maintain market integrity, and delaying the IPO is a necessary measure. #Gate直通IPO认购SpaceX