100% this is not a regulator issue. One billion tons of horseshit run by a drugged up nazi is being sold at a valuation of $1tn. Nothing is hidden. Investors love this stuff. Its the soul of capitalism.
All of these issues are disclosed, the SEC isn’t a merit based regulator. www.cnbc.com/2026/06/10/s...
Sen. Elizabeth Warren noted Elon Musk's "uniquely unchecked" power as SpaceX's majority shareholder and other concerns in a letter to the SEC.