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The Verge
The Verge
US · 23 mins ago
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The SpaceX IPO is great for Elon Musk and terrible for you
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Quality 35/100
Partisan intensity 85/100
ObjectivePartisan
← Left ⚠ Misleading headline

An opinion piece criticizing Elon Musk's reported plans to take SpaceX public, comparing it unfavorably to the WeWork IPO and warning investors they would become 'bagholders' in the deal.

🔒www.theverge.com
Score: 35Opens in app
The SpaceX IPO is great for Elon Musk and terrible for you
Number go up? | Image: Cath Virginia / The Verge, Getty Images I haven't seen anything as stupid as the WeWork IPO document in a very long time - that is, until Elon Musk filed to take SpaceX public. WeWork was a joke. SpaceX is a threat. And if Musk and his bankers have their way, you are going to be their bagholder. Lots of the top-line details leaked long before the S-1 filing itself became public. There's the rumored valuation of more than $1 trillion. That's despite the nearly $5 billion
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