Skeptics are questioning if there's an ulterior motive to SpaceX offering mores shares than usual to retail investors.

Such rule changes would have accommodated SpaceX’s plan to only offer approximately 3 percent of its IPO shares to public investors, and the fact that SpaceX is currently unprofitable with a growing debt load that has reached $29 billion because of its spending spree on AI infrastructure.

SpaceX has been denied a fast track into the S&P 500 when the rocket and satellite company goes public, in a ruling that cuts off quick access to one of the biggest pools of Wall Street money.

Investors are counting down to the end of the week when Elon Musk’s rocket maker SpaceX is expected to start trading on the Nasdaq in what could be the largest IPO on record. Also, Apple’s [developer

Elon Musk’s rocket company, on the cusp of the largest initial public offering ever, will soon end up in index funds after rule changes by Nasdaq and other index providers.

SpaceX shared a 17-minute investor pitch from CFO Bret Johnsen for its upcoming IPO. He covers the rocket business, Starlink, AI, and more.

SpaceX will sell its shares for $135 apiece during its IPO, yielding a valuation of $1.77 trillion.

Jefferies' Christopher Wood warns the rush of mega listings led by Musk's space company could mean markets are finally hitting a wall on AI.