“The likelihood the shares wind up in many people’s retirement accounts means that if SpaceX fails, the people who get hit are not the wised-up early investors but basically a bunch of normal people, the ones who can least afford it” https://www.theverge.com/ai-artificial-intelligence/940001/elon-musk-spacex-ipo-ai?view_token=eyJhbGciOiJIUzI1NiJ9.eyJpZCI6ImU2a2FhUDRzcXgiLCJwIjoiL2FpLWFydGlmaWNpYWwtaW50ZWxsaWdlbmNlLzk0MDAwMS9lbG9uLW11c2stc3BhY2V4LWlwby1haSIsImV4cCI6MTc4MDY4NzI4MCwiaWF0IjoxNzgwMjU1MjgwfQ.mifglD4gn-AaLZDqB1un4k5c4RrUbkKikHpdXPbNz3c&utm_medium=gift-link
The SpaceX IPO is great for Elon Musk and terrible for you

Elon Musk is hoping you will be fooled by his repeated invocation of Mars — because he wants you to finance his bad AI company.

The Verge