What Happened
Advocacy Group Raises Concerns Over Elon Musk's Ventures
An advocacy group is urging US regulators to probe SpaceX’s financials ahead of a potential Wall Street debut that could value the company at over $2 trillion. SOC Investment Group, an adviser to union-affiliated pension funds, has raised concerns over SpaceX’s relationships with Elon Musk’s other ventures, including xAI and Tesla Inc. The group has asked the SEC to review SpaceX’s financial disclosures for accuracy and reliability, and ensure the company’s auditor remains independent. This development was first reported by Bloomberg.