Boycotts Hurt Tesla's Sales. Now, Activists Are Taking On Elon Musk's SpaceX IPO

Now, Activists Are Taking On Elon Musk's SpaceX IPO Activists, a leading labor union, and a big retirement fund are asking challenging questions about what's expected to be the largest-ever stock market debut. Elon Musk's SpaceX is facing protests against its expected initial public offering from some of the same advocacy groups that helped erase $600 billion from Tesla's market cap early last year. SpaceX's IPO is poised to be the largest ever, raising tens of billions of dollars for the Musk-founded company and valuing it above $2 trillion. If all goes as intended come June, the conglomerate that now owns a rocket manufacturer, a social media app, and an AI chatbot developer will instantly rank among the world's top 10 largest publicly-traded companies. On Wednesday, Randi Weingarten, president of the American Federation of Teachers, wrote to the US Securities and Exchange Commission urging it to scrutinize SpaceX's IPO preparations.