Elizabeth Warren dey beg SEC make dem delay SpaceX $1.75T IPO because governance, index and disclosure risks

U.S. Senator Elizabeth Warren don tell SEC make dem delay SpaceX IPO, say the filing never get the protections wey dem need for fast approval. Reports talk say SpaceX wan raise up to $75B, them value am around $1.75T–$2T, price fit be about $135 per share and e go dey trade for Nasdaq under ticker SPCX soon after. For her letter, Warren point out five risk areas about SpaceX IPO: (1) valuation and disclosure gaps, some assumptions fit mean about 100x 2025 revenue; (2) governance and shareholder rights wahala, like dual-class structure wey give Musk 10x voting power and limits/conditions on shareholders action; (3) conflicts of interest and related-party disclosure, dem even mention xAI and Tesla; (4) index-inclusion effects, she warn passive funds fit been forced to buy if SpaceX join index quick, fit push $15B–$30B into S&P 500, Nasdaq-100 and Russell 1000 trackers; and (5) investor-protection issues wey go affect pension and retail investors. Warren also ask make dem clear risk disclosures before registration statement become effective, including remove or check again things like mandatory arbitration for some disputes. For crypto traders, the main angle na policy and market-structure risk: if SpaceX IPO go ahead as dem plan, some headlines dey talk say capital fit rotate away from crypto; delay fit reduce short-term “IPO hype” and redirect attention back to crypto instead of tech/SpaceX exposure.