US Senator Seeks to Delay SpaceX IPO: Index Funds to Be Forced to Buy at High Prices, Initial Market Cap Severely Overvalued

BlockBeats News, June 10th, according to CNN reporter Matt Egan, United States Senate Democratic Caucus Vice Chair Elizabeth Warren has officially written an open letter to SEC Chair Paul Atkins, requesting a postponement of SpaceX's IPO, citing the following reasons:

There are doubts about SpaceX's valuation, which may be severely inflated;

The company's governance structure is flawed, lacking investor protection;

Recent changes to index fund rules will swiftly include SpaceX in major indices after its listing, forcing passive funds to buy at high prices;

The inclusion in these indices will systematically transmit valuation risks to millions of retirement savings accounts;

This IPO poses significant risks to ordinary investors and retirement savings;

The IPO structure brings huge benefits to SpaceX insiders, leading to unfair distribution of interests;

The market environment is not normal, and multiple factors exacerbate the risks;

The SEC must fulfill its statutory duty of investor protection and market integrity maintenance, and delaying the IPO is a necessary step.

For a detailed breakdown of more skeptical views on the SpaceX IPO, please visit "SpaceX IPO Approaching: A Century Harvest Hidden in Index Funds".