Warren is really treating retail investors like his own children and protecting them. With a $75 billion valuation and no lock-up period, would the underwriters dare to reveal their hand?

Senator Warren has written to the SEC Chair, urging a delay of the SpaceX IPO valued at up to $75 billion, citing investor protection and governance risks. She requests the SEC to assess the underwriters' responsibilities for investor protection and valuation transparency, and to be cautious of the impact of insiders holding up to 5% of shares and the lack of lock-up periods on public investors.