SpaceX's $1.77 Trillion Nasdaq Listing Forces Retirement Accounts Into Stock With 10-to-1 Insider Voting Power

Devansh

15d ago· 27 min readenOpinion

finance investing business corporate governance

Summary

SpaceX is set to begin trading on Nasdaq on June 12, 2026, with a massive $75 billion stock offering at a $1.77 trillion valuation — 95 times last year's revenue. The company lost $4.9 billion in the most recent period. The article criticizes that automatic retirement accounts (like 401(k)s) will be forced to buy the stock on a rigid schedule without any evaluation by fund managers or individual investors. It also highlights a governance concern: shares sold to the public carry one vote each, while insider shares carry ten votes, giving insiders disproportionate control.

Source

bskySpaceX's $1.77 Trillion Nasdaq Listing Forces Retirement Accounts Into Stock With 10-to-1 Insider Voting Powermachine-learning-made-simple.medium.com

Key quotes

· 3 pulled

Nobody — not your fund manager, not you — gets to evaluate the company first.

SpaceX is selling roughly $75 billion of stock at a $1.77 trillion valuation — 95 times last year's revenue, for a company that lost $4.9 billion doing it.

The shares your retirement account buys carry one vote each; the shares insiders keep carry ten.

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