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. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility.Support the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.