SpaceX: Flying High on Impunity
5 hours ago
- #Stock Market Risks
- #SpaceX IPO
- #Wealth Inequality
- SpaceX's Starbase has high injury rates and OSHA violations, with penalties negligible compared to revenue.
- SpaceX's upcoming IPO combines Musk ventures, with space operations only 13% of revenue and xAI dominating capital spending.
- Index rule changes force passive funds to buy SpaceX stock pre-IPO, enabling insider cash-outs and shifting debt to public investors.
- Retail investors and vulnerable funds are targeted, with misleading promises of generational wealth, while wealth concentrates at the top.
- The stock market resembles a Ponzi scheme, with mega-IPOs extracting billions as participation widens but wealth inequality deepens.