An open letter to the U.S. Congress

Investigate and Stop the SpaceX IPO Scam Before Retirees Lose Trillions

52 so far! Help us get to 100 signers!

The SpaceX IPO is a scam. Nasdaq relaxed their seasoning rule, allowing big IPO companies like SpaceX to get added to index funds after 15 days instead of a year. This will blast the price of SpaceX sky high, allowing early investors in X and grokAI to cash out, leaving retail investors, many of them retirees and other retirement plan holders with index funds in their portfolio, caught with the bag after the inflated price crashes. We are going to witness the transfer of wealth to the tube of trillions from retail investors to the likes of Andreesen, Horowitz, Thiel, Musk, and Middle Eastern sovereign wealth funds. Unless you put a stop to it.

▶ Created on June 2 by Daniel

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