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Robert Reich Calls Elon Musk's SpaceX IPO 'The Universe's Largest Ponzi Scheme'
Benzinga·
Economist Robert Reich criticized SpaceX's IPO scheduled for Friday, calling it potentially 'the universe's largest Ponzi scheme.' Reich argued the company is being valued at roughly 100 times its 2025 revenue ($18.7 billion), with Musk's Class-B shares holding 10 times the voting power of public shares. He also compared the IPO to Musk's failed DOGE initiative and warned that Americans' retirement savings would be automatically tied to SpaceX's market value through index funds.
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