1. United States
2. Pa.
3. Letter

I am writing to urgently request your opposition to the impending SpaceX IPO and the rule changes that will force this untested, highly risky stock into the retirement accounts of millions of Americans without their consent. On June 12, 2026, SpaceX will go public with a record-breaking $1.8 trillion valuation, despite having never turned an annual profit. Due to recent rule changes by Nasdaq and FTSE Russell, SpaceX will be automatically added to major indexes like the Nasdaq-100 just 15 days after its IPO, forcing index funds in our 401(k)s and pensions to buy it . This is profoundly risky and unsustainable for several reasons: - No Accountability: CEO Elon Musk will retain 85% voting control, making him immune to shareholder oversight. Shareholder lawsuits have also been waived in favor of private arbitration . - Extreme Valuation & Losses: The company lost $4.9 billion on $18.7 billion in revenue last year yet is seeking a valuation roughly 100 times its revenue . - Distorted Market: With only ~5% of shares available to the public, forced buying from trillions in passive funds could trigger a price spike and a dangerous crash for unsuspecting retirees . I demand you oppose this IPO and these rule changes to protect American retirement security. Please act now.