SpaceX prospectus: "Many of the innovative products and services described elsewhere in this prospectus may ultimately be unsuccessful and may require great expense."

That's a heck of a disclaimer to have on your filing. This whole thing reeks of a pump and dump scheme.

Full article here: [https://pivot-to-ai.com/2026/05/28/the-spacex-ipo-works-like-a-crypto-fraud-but-with-ai](https://pivot-to-ai.com/2026/05/28/the-spacex-ipo-works-like-a-crypto-fraud-but-with-ai)

But I don't think because OpenAI and Anthropic "only" have 1 trillion dollar valuations they are much better. It's like they are using SpaceX as the comparison friend. "Hey guys our valuation is only 50x revenue not 100x". That's still an insane valuation that isn't sustainable, especially for unprofitable companies being propped up by their own GPU vendors and data center providers.

How can we avoid these schemes in our 401ks and pensions? Some are already waking up to it, likely because of complaints from their clients.

>Akademikerpension in Denmark is the first pension fund to state it won’t be touching SpaceX stock. Akademikerpension invests actively -- they already also exclude Tesla -- but it’ll be much easier to be the second fund to exclude SpaceX and not the first.

So contact whoever is managing your retirement funds, tell them about your concerns and share this information.