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Sen. Warren calls on SEC to delay SpaceX IPO, flagging concerns about valuation and governance
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- Warren's letter comes as SpaceX is set to make its market debut on Friday, with the company aiming to raise a record sum at a historic valuation.
- "For investors who pick and choose their specific investments, they at least are able to avoid investing in companies that engage in risky or unfair practices," Warren wrote.
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Sen. Elizabeth Warren, D-Mass., called for the Securities and Exchange Commission to delay Space X's upcoming initial public offering, citing concerns about the rocket maker's valuation and corporate governance in a letter shared with CNBC.
"Given the unprecedented threats to investor protection and market integrity posed by the biggest IPO in history, you must delay any eventual acceleration of the registration statement's effectiveness accordingly," Warren wrote to the market regulator on Tuesday.
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