Senator Elizabeth Warren has expressed concerns regarding recent rule changes at major stock indexes that could allow SpaceX, along with OpenAI and Anthropic, to be included in these indexes without the usual investor safeguards.
In a letter addressed to the heads of Nasdaq, S&P Dow Jones Indices, FTSE Russell, and Morningstar Indexes, she inquired whether these changes were influenced by lobbying from Elon Musk or other officials from these companies.
Warren highlighted that the proposed changes, which include fast-tracking newly listed stocks into prominent indexes, could destabilize markets and pose significant risks to investors, particularly retirees who depend on index funds. SpaceX is expected to begin trading soon, with a valuation around $1.8 trillion, marking one of the largest public offerings in history.
Additionally, Warren has urged the SEC to delay the SpaceX offering, citing concerns over the agency's diligence in safeguarding market integrity and investor interests