BlockBeats News, June 10, according to CNN reporter Matt Egan, U.S. Senate Democratic Caucus Vice Chair Elizabeth Warren has formally written to SEC Chairman Paul Atkins, requesting a postponement of SpaceX's IPO. The reasons given in the letter are:

There are doubts about SpaceX's valuation, which may be significantly overestimated;

The company's governance structure has flaws, with inadequate investor protection;

Recent changes to index fund rules will result in SpaceX being rapidly included in major indexes after going public, forcing passive funds to buy at high prices;

The inclusion in these indexes will systemically transmit valuation risks to millions of retirement savings accounts;

This IPO poses significant risks to ordinary investors and retirement savings;

The IPO structure brings enormous benefits to SpaceX insiders, leading to unfair distribution of benefits;

The market environment is not normal, and a combination of factors exacerbates the risks;

The SEC must fulfill its statutory duty to protect investors and maintain market integrity, and delaying the IPO is a necessary step.

For a detailed breakdown of more critical views on the SpaceX IPO, please see "SpaceX IPO Approaching: A Century Harvest Hidden in Index Funds".