SpaceX IPO Could Erode Investors’ Safety Net on Day One
FT Alphaville warns that SpaceX’s IPO could include a lock-up waiver allowing insiders to dump shares on day one, undermining investor protections and retail investors’ ability to sue under Section 11; experts advocate a short, 90-day lock-up to preserve tracing after Slack v. Pirani, but the SEC has not acted, leaving the largest IPO in history with a weakened safety net.