SOC Investment Group Urges SEC to Investigate SpaceX Finances Ahead of $2 Trillion IPO

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On May 6, SOC Investment Group urged the SEC to investigate SpaceX’s financial disclosures and audit independence ahead of its potential IPO, which could value the aerospace company at over $2 trillion. The advisory firm expressed particular concern about the accounting treatment of transactions between SpaceX and other companies owned by Elon Musk, stating in a letter to the SEC that an IPO could expose investors to a company whose value may decline after independent financial review.

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