Warren Urges SEC to Halt SpaceX’s $75 Billion IPO Over Governance, Foreign-Investment Concerns
Sen. Elizabeth Warren urged the Securities and Exchange Commission to halt SpaceX’s initial public offering in a letter to Chair Paul Atkins, citing governance concerns, Elon Musk’s control of the company, valuation and index risks for retail investors, and the possibility of foreign — especially Chinese — investment in a key US defense contractor. SpaceX is seeking to raise $75 billion at a valuation of about $1.8 trillion, with pricing and trading set for this week.
The request adds a political and regulatory complication to a deal that had already drawn more than $250 billion of investor demand and was approaching four times oversubscribed, putting it on track to be the largest-ever IPO if completed on those terms. Despite the letter, the offering process is expected to continue; the SEC has already reviewed the filings, and investors are viewed as aware of the company’s risks.
From the sources (25 posts)
@polymarketmoneyNEW IN: SpaceX is now projected to trade at a $2,000,000,000,000+ valuation.
@stocksavvyshayBillionaire investor Ron Baron says he placed a $1B order for $SPCX IPO shares and has no plans to sell in his lifetime. He believes SpaceX can grow to ~$20T over the next 10-15 years with Starlink alone potentially doing $1T in annual rev
@unusual_whalesSpaceX began meeting with investors on Thursday in its IPO roadshow. Read more:
@sawyermerrittThe Ontario Teachers’ Pension Plan is sitting on a potential windfall of as much as $11.6 billion from an initial investment of about $300 million into @SpaceX in 2019. This would make it the single most successful investment the pension p
@sawyermerrittHere's the announcement that the Ontario, Canada Teachers' Pension Plan made in 2019 when they invested $300M into @SpaceX, which at the target IPO valuation of $1.75T would be worth $11.6B: "SpaceX is the world’s leading private space lau
@katie_roofRT @SawyerMerritt: The Ontario Teachers’ Pension Plan is sitting on a potential windfall of as much as $11.6 billion from an initial invest…
@stevesiRT @SawyerMerritt: The Ontario Teachers’ Pension Plan is sitting on a potential windfall of as much as $11.6 billion from an initial invest…
@deitaone$SPCX - SPACEX'S IPO WAS REPORTEDLY SEVERAL TIMES OVERSUBSCRIBED
@financialjuiceSpaceX's IPO is said to be multiple times oversubscribed.
@firstsquawkSPACEX'S IPO IS REPORTEDLY MULTIPLE TIMES OVERSUBSCRIBED.
@stockmktnewzSPACEX'S IPO IS REPORTEDLY "SEVERAL TIMES" OVERSUBSCRIBED
@businessSpaceX’s IPO has attracted demand from institutional investors for multiple times the available shares, according to people familiar with the matter
@deitaone$SPCX - SPACEX IPO SEES STRONG INSTITUTIONAL DEMAND SpaceX’s IPO has attracted demand multiple times the available shares from institutional investors, according to people familiar with the deal. The offering is reported to be well oversub
@exec_sumBREAKING: Numerous institutional investors have placed $10B+ orders in SpaceX's $75B IPO The IPO is multiple times oversubscribed with order books set to close on Wednesday
@financialjuiceInvestor demand for SpaceX IPO approaches four times oversubscribed - sources
@polymarketmoney$SPCX IPO IS APPROACHING 4X OVERSUBSCRIBED
@firstsquawkINVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES
@stocksavvyshay$SPCX IPO is reportedly 4x oversubscribed with more investor orders than shares available. SpaceX is targeting a ~$1.8T valuation when it goes public on Friday.
@tradfi*SPACEX IPO HAS DRAWN MORE THAN $250B OF INVESTOR DEMAND VS $75B RAISE TARGET
@deitaoneINVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES
@stockmktnewzTHE SPACEX $SPCX IPO IS REPORTEDLY APPROACHING 4X OVERSUBSCRIBED
@reutersExclusive: Elon Musk's SpaceX has drawn more than $250 billion of investor demand for what stands to be the largest-ever IPO, said people familiar with the matter, dwarfing the $75 billion the firm is seeking to raise
@gurgavin*SPACEX IPO HAS DRAWN MORE THAN $250B OF INVESTOR DEMAND VS $75B RAISE TARGET 3.3X OVER SUBSCRIBED SO FAR NOT BAD $SPCX
@unusual_whalesElon Musk's SpaceX has drawn more than $250 billion of investor demand for what stands to be the largest-ever IPO, per Reuters
@exec_sumBREAKING: The SpaceX IPO is over 3.3x oversubscribed after drawing more than $250B in demand Order books are set to close tomorrow