Investor group urges SEC to scrutinize SpaceX IPO filing, avoid conflicts

An investor group which advises union pension funds urged Wall Street’s leading watchdog on Wednesday to scrutinize SpaceX’s disclosures as the rocket maker embarks on a planned record-breaking public listing.

It also raised founder Elon Musk’s tenure in the Trump administration as a potential conflict for regulators reviewing the company’s disclosures.

SpaceX is expected to launch ‌an initial public ⁠offering (IPO) ⁠this year at a possible valuation of $1.75 trillion, raising about $75 billion. That would be the biggest listing on record and could help CEO Musk become history’s first trillionaire.