This episode of UNFTR is an exclusive deep dive into the SpaceX IPO prospectus. It reveals what might be the biggest fraud and money grab in the public markets ever. The baseless $1.77 trillion dollar valuation at a list price of $135 at auction stands to add hundreds of billions of dollars to Elon Musk’s net worth, and that’s not the most outrageous part about this. The company currently loses billions of dollars every year, admits freely that most of the anticipated revenue streams are either currently illegal, highly unethical or perhaps non-existent. But hey, it’s Elon. What’s the worst that can happen? Believe it or not, there’s a lot more at risk here than just one company tanking after an outrageously overhyped IPO. And the average American investor with a 401(k) or IRA is very much an unwitting participant in the scam.

Resources

Bloomberg: SpaceX IPO Is Well Oversubscribed With Orders Closing Wednesday

New York Times: How Banks Are Using SpaceX to Woo the Superrich

SEC: SpaceX Form S-1

CNBC: SpaceX’s market-moving potential: Here’s what to know

More Perfect Union: We Uncovered a Hidden Wealth Transfer in the SpaceX IPO. You’re Holding the Bag.

UNFTR Resources

Video: SpaceX IPO: What They're Not Telling Retail Investors

Essay: The SpaceX IPO Fraud.

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This episode of UNFTR is an exclusive deep dive into the SpaceX IPO prospectus. It reveals what might be the biggest fraud and money grab in the public markets ever. The baseless $1.77 trillion dollar valuation at a list price of $135 at auction stands to add hundreds of billions of dollars to Elon Musk&rsquo;s net worth, and that&rsquo;s not the most outrageous part about this. The company currently loses billions of dollars every year, admits freely that most of the anticipated revenue streams are either currently illegal, highly unethical or perhaps non-existent. But hey, it&rsquo;s Elon. What&rsquo;s the worst that can happen? Believe it or not, there&rsquo;s a lot more at risk here than just one company tanking after an outrageously overhyped IPO. And the average American investor with a 401(k) or IRA is very much an unwitting participant in the scam.
Resources
Bloomberg: <a href="https://www.bloomberg.com/news/articles/2026-06-08/spacex-ipo-is-said-to-be-well-oversubscribed-orders-close-wed">SpaceX IPO Is Well Oversubscribed With Orders Closing Wednesday</a>
New York Times: <a href="https://www.nytimes.com/2026/06/08/business/spacex-ipo-banks-wealth-management.html">How Banks Are Using SpaceX to Woo the Superrich</a>
SEC: <a href="https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm#id286866c4c474ba490d6531a57db9e93_57">SpaceX Form S-1</a>
CNBC: <a href="https://youtu.be/6oKz9vLYnC0?t=198">SpaceX&rsquo;s market-moving potential: Here&rsquo;s what to know</a>
More Perfect Union: <a href="https://youtu.be/sYA-z0Y8WRQ">We Uncovered a Hidden Wealth Transfer in the SpaceX IPO. You&rsquo;re Holding the Bag.</a>
UNFTR Resources
Video: <a href="https://youtu.be/uyyV-1pon44">SpaceX IPO: What They're Not Telling Retail Investors</a>
Essay: <a href="https://www.unftr.com/blog/the-spacex-ipo-fraud">The SpaceX IPO Fraud.</a>
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: <a href="https://unftr.com/rate">unftr.com/rate</a> and follow us on <a href="https://www.facebook.com/Unfucking-The-Republic-102319714930389">Facebook</a>, <a href="https://bsky.app/profile/unftr.com">Bluesky</a>,&nbsp;and <a href="https://www.instagram.com/unftrpod/">Instagram</a> at @UNFTRpod. Visit us online at <a href="https://www.unftr.com/">unftr.com</a>.
Become a member at <a href="https://www.unftr.com/memberships">unftr.com/memberships</a>.
Buy yourself some Unf*cking Coffee at <a href="https://shop.unftr.com/">shop.unftr.com</a>.
Visit our bookshop.org page at <a href="https://bookshop.org/shop/UNFTRpod">bookshop.org/shop/UNFTRpod</a> to find the full UNFTR book list, and find book recommendations from our Unf*ckers at <a href="https://bookshop.org/lists/unf-cker-book-recommendations">bookshop.org/lists/unf-cker-book-recommendations</a>.
Access the UNFTR Musicless feed by following the instructions at <a href="https://www.unftr.com/accessibility">unftr.com/accessibility</a>.

Unf*cking The Republic® (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.

Unf*cking The Republic&reg; (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.