Sen. Elizabeth Warren noted Elon Musk's "uniquely unchecked" power as SpaceX's majority shareholder and other concerns in a letter to the SEC.

Sen. Elizabeth Warren, a Democrat from Massachusetts, is expressing her concerns on this big day for SpaceX, saying in a statement today that the Trump administration's Securities and Exchange Commission "greenlit an IPO with numbers analysts have called ‘nonsensical.

Sen. Elizabeth Warren said that under "normal circumstances," SpaceX's IPO alone would be enough to warrant a review.

In a letter to SEC Chair Paul Atkins, Sen. Warren raised concerns about potential inaccuracies in the company’s valuation and the unusual governance structure, in which founder Elon Musk serves as CEO, CTO, and chair of the board while also holding the majority of the voting shares, making him virtually unimpeachable.

Rep. Pramila Jayapal (D-Wash.) criticized the tax rates of billionaires and expressed dissatisfaction with the current tax system. Jayapal, along with Senator Elizabeth Warren (D-Mass.), plans to reintroduce the Ultra-Millionaire Tax Act to rectify this ...

The Massachusetts Democrat cited concerns about valuation, Elon Musk's near-total control, and index fund rule changes that could force passive investors into the offering