Why does Elizabeth Warren want to stop SpaceX IPO? - Cryptopolitan

Crypto Insight Summary: Elizabeth Warren has asked the SEC to delay SpaceX’s IPO, which targets a $1.75 trillion valuation and would be the largest public listing in U.S. * Analysts are divided on whether the price can hold, with some estimating the company is worth half the asking price and historical data showing mega-IPOs tend to underperform. * Warren’s intervention adds political uncertainty to a listing already facing scrutiny over a 103-times-sales multiple and billions in operating losses from the xAI division. Elizabeth Warren (D-Mass.), in yet another attack on big tech, has called on the SEC to delay SpaceX’s planned initial public offering.** Wall Street was already having arguments over whether or not a $1.75 trillion price tag can be justified, and now Senator Warren has intervened just days before SpaceX is set to begin trading on the Nasdaq under the ticker SPCX. Senator Elizabeth Warren has [formally asked](https://www.banking.senate.gov/newsroom/minority/warren-calls-on-sec-to-delay-spacex-ipo) the U.S. history, with a valuation of approximately $1.75 trillion. She argues that the $1.75 trillion price tag may be severely overvalued. The target price gives SpaceX a price-to-sales (P/S) ratio of about 103 to a revenue of $19.3 billion over the last four quarters. This ratio is roughly 40% higher than Palantir, the current most expensive stock in the S&P 500. In May 2026, she investigated the approval of national charters for crypto companies like Coinbase and Ripple, accusing the government of letting them bypass banking rules. Crypto Insight Analysis: Direction: Bearish SPCX Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Elizabeth Warren's intervention adds regulatory uncertainty to SpaceX's IPO, potentially impacting investor sentiment.