The SpaceX IPO Will Be the Theft of the Century

# Summary An opinion piece argues that the upcoming SpaceX IPO represents a "theft of the century" because the company's business model—heavily dependent on the unproven Starship project and xAI's struggling AI products—is fundamentally unsustainable and will ultimately fail. The author contends that while SpaceX insiders will profit massively from the IPO, ordinary investors in index funds will suffer losses once the company's technical and business failures become apparent, enabled by recent rule changes from Nasdaq and other index operators that allow rapid inclusion of SpaceX shares.