{
  "$type": "site.standard.document",
  "bskyPostRef": {
    "cid": "bafyreihf2xep6em4drql6d5yrk37w5fkhxh4ph2jjxlmtbthhtymxmnlbq",
    "uri": "at://did:plc:ax37ypwwfpozwkc552d7scv5/app.bsky.feed.post/3mnffpvahuql2"
  },
  "path": "/threads/the-spacex-ipo-is-a-trump-approved-scam.2634824/",
  "publishedAt": "2026-06-03T15:14:40.000Z",
  "site": "https://forums.anandtech.com",
  "tags": [
    "Politics and News",
    "https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm",
    "https://marketwise.com/investing/spacex-ipo-prospectus-outlandish-details-investors/",
    "Read more"
  ],
  "textContent": "I’m amazed that so few news organizations are talking about this. I mean, we shouldn’t be surprised that Elon Musk was going to get his “pro quo” at some point—but this IPO filing is just begging for SEC/SDNY attention that we can be sure will never come with Trump’s cronies in charge.\n\n\n\n\t\t\thttps://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm\n\t\t\n\n\nWhat are the issues? Let’s see—we should start with the fact that it isn’t a truly public company and Elon Musk will never be accountable to shareholders. Major red flags right there. Let’s also look at metrics SpaceX is applying for their internal valuation—like a total addressable market of $30 trillion dollars or a valuation of $2 trillion against $30 billion in total assets and equity. Here’s a good summary of the main issues: https://marketwise.com/investing/spacex-ipo-prospectus-outlandish-details-investors/\n\nOh…and speaking of those Trump cronies—at least 10 of Trump’s cabinet...\n\nRead more",
  "title": "The SpaceX IPO is a Trump-approved scam"
}