Warren questions SpaceX IPO oversight in new letter to exchanges
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- Warren also detailed changes, or proposed changes the indexes had considered, including fast-tracking newly listed stocks into top indexes.
- SpaceX is set to begin trading on Friday and is poised to be one of the largest public offerings in history, with the company valued around $1.8 trillion.
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Sen. Elizabeth Warren, D-Mass., is raising concerns about whether recent rule changes at stock indexes cleared the way for Space X — and potentially Open AI and Anthropic — to be included in indexes without some of the typical safeguards for investors.
The letter to the heads of the Nasdaq, S&P Dow Jones Indices, FTSE Russell and Morningstar Indexes sent on Thursday asked the companies whether they had made or considered rule changes based on lobbying from Elon Musk, other SpaceX officials or officials from OpenAI or Anthropic, and asked for any communications between the companies and the indexes. CNBC is first to report the letter.