Elizabeth Warren: “The SEC must delay the SpaceX IPO until investors are protected.”

THE BIGGEST IPOs OF THE LAST 15 YEARS HAVE ONE THING IN COMMON:

THEY CRUSHED THE PEOPLE WHO BOUGHT THE HYPE.

🇺🇸 Robinhood -90%. Rivian -88%. Lyft -79%. Coinbase -57%. Facebook -54%. Median max drawdown: -54% in year one.

Big brands. Big narratives. Big backing. Still brutal entries.

SpaceX has the same DNA: enormous hype, low float, early investors deep in the green and waiting to sell.

A great company isn’t a great IPO buy. By the time everyone wants in, they are the liquidity.