SpaceX Is Looking FISHY...

SpaceX launched the largest IPO in history, targeting a $1.75 trillion valuation, which would make it worth more than all American defense contractors combined. This valuation is presented as highly questionable given the company's reported loss of $5 billion on $18.5 billion in revenue last year, encompassing SpaceX, Starlink, and xAI.

SpaceX is preparing the largest initial public offering in human history. At a 1.75 trillion-dollar target valuation, SpaceX would be worth more than every American defense contractor combined. Last year, these three companies reported a loss of five billion dollars on revenue of 18 and a half billion dollars.

Stock market indexes, specifically Nasdaq, reportedly abandoned investor safeguards by agreeing to list companies like SpaceX just one week after their IPO, instead of the traditional one-year waiting period. This change means a large portion of index funds, common in 401ks and pension plans, will automatically hold SpaceX shares soon after its public offering, effectively forcing retail investors into the stock.

Nasdaq among other indexes will be listing companies like SpaceX just one week after their IPO. The changes mean a large swath of index funds which millions of Americans own in their retirement funds, pension plans, and personal portfolios are poised to hold SpaceX shares soon after the company goes public.

SpaceX's CFO, Bret Johnson, publicly stated that retail investors would be a 'critical part' of the IPO, targeting 30% of the offering to them, significantly higher than the typical 5-10%. The hosts interpret this as a deliberate strategy to 'dump' shares on retail buyers who are loyal to Elon Musk, framing their retirement accounts as 'exit liquidity' for early insiders.

While most initial public offerings allocate 5 to 10% of the offering to retail investors, SpaceX is targeting 30%. And Bret Johnson, the CFO of SpaceX, told a room full of bankers on the record that retail is going to be a critical part of the IPO... 'Retail buyers have been incredibly supportive of us and of Elon for a long time, and we want to make sure that we recognize that.' Translated out of corporate speak... the largest initial public offering in history is going to dump 30% of its supply on retail buyers... Portfolio manager George Noble said it best, 'Your 401k is the exit liquidity.'

Following its record IPO, SpaceX's stock price fluctuated, and the company announced plans to raise an additional $20 billion by selling bonds to refinance a bridge loan taken in March. This move is deemed suspicious by the hosts, especially given SpaceX's reported $100.8 billion in cash and cash equivalent securities, which is more than Microsoft held at the end of the previous year.

After just recently securing $86 billion in a record IPO, Elon Musk's SpaceX plans to raise at least $20 billion more by selling bonds... The proceeds from the bond offering will mostly be used to refinance a $20 billion bridge loan SpaceX took in March... SpaceX told prospective buyers of the bonds that it had some 100.8 billion dollars in cash and cash equivalent securities in the bank on June 19th. That's more than Microsoft had in the bank at the end of last year.

Elon Musk maintains over 82% of shareholder votes in SpaceX through super voting shares, ensuring his voice remains the only one that matters despite the company being publicly traded. The hosts also highlight that Tesla and SpaceX have collectively received $38 billion in government subsidies from federal, state, and local entities, arguing that this public funding, combined with loosened regulations, enables such speculative financial maneuvers.

Elon Musk has ensured that his voice is the only one that matters... He controls more than 82% of the shareholder votes in the company in part due to his large ownership of super voting shares... Do you know how much money Tesla and SpaceX has gotten from us? From you? $38 billion. dollars. From different government entities.