r/wallstreetbets
News from June 10th - some late DD
Author mocks Senator Warren's attempt to delay the SpaceX IPO, expressing extreme bullishness on retail hype and Elon Musk.
- Retail investors will blindly buy the dream and push the stock to the moon.
- Elon Musk's unprecedented voting power is viewed as a positive by his loyal retail followers.
from the article: all i can say is - blah blah blah retial knows exactly what it is buying. We love buying the dream. and this one is huge. now fuck off - SPCX to the moon and beyond!
JUNE 10, 2026
Sen. Elizabeth Warren, D-Mass., in a 12-page letter to SEC Commissioner Paul Atkins, requested a delay in SpaceX’s IPO, citing broader concerns about the company’s valuation, governance structure and investor protections. (trying to delay us getting our grubby little paws on SPCX shares)
SpaceX’s projected IPO size should justify “careful SEC review,” Warren argued, adding regulators should investigate whether index funds or other financial entities are adequately protecting investors and whether SpaceX has provided enough information explaining its record-setting valuation, allowing investors to better judge if the stock is overpriced. (retail decides the price not you punks)
Warren argued SpaceX’s governance structure—Musk controls 85% of SpaceX’s shareholder voting power—gives Musk an “unprecedented level of power” over investors, who Warren said would have “significantly fewer rights than those traditionally offered to purchasers of public shares,” and that the company should disclose any risks related to its governance. (retail loves Musk. nufffff said)
Some analysts have criticized Musk’s power over shareholders: Ann Lipton, a law professor at the University of Colorado, Boulder, told the Wall Street Journal that SpaceX is “essentially closing off every possible avenue for shareholders to have any influence at all.” (we dont need influence, in MUSK we trust)