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From ‘Finfluencers’ to Nobel Laureates, More Market Watchers are Saying the Quiet Part Out Loud: SpaceX IPO Transfers Workers’ Wealth to the 1%
Amidst the hype dominating the news ahead of SpaceXs initial public offering (IPO) and the breathless coverage of Elon Musk’s ascension to trillionaire status following the IPO, there is also a growing chorus of market watchers — including influencers, financial analysts, and even Nobel laureates — questioning the company’s valuation and calling out the IPO’s…
AFR in the News
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Congresswoman Rashida Tlaib: Tlaib Introduces Bank Failure Accountability Act
“The public is hungry for wealthy executives to be held accountable for the harm their self-serving risk-taking has caused,” said Natalia Renta, Esq., Associate Director of Corporate Governance & Power, Americans for Financial Reform. “By setting aside a significant portion of pay that executives could lose in cases of failure of their financial institution or…
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Financial Times: Protesters gather outside JPMorgan headquarters over SpaceX debut
“We’re very concerned that in just a few trading days [SpaceX stock] is poised to end up in people’s 401ks,” said Natalia Renta, associate director for corporate governance and power at non-profit Americans for Financial Reform.
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Bloomberg: As SpaceX Makes Musk Trillionaire, Some Dissent on NYC’s Streets
“The scene is set for wealthy early investors to cash out while leaving retirement savers holding the bag,” said Natalia Renta, associate director of corporate governance and power at Americans for Financial Reform, a group that helped organize the demonstration.