SpaceX IPO faces governance-and-valuation backlash as S&P 500 exclusion and fund blacklisting expand
SpaceX’s IPO countdown is drawing mounting pushback from governance-focused investors, with some funds reportedly preparing to blacklist the Musk-led company ahead of listing. In parallel, S&P 500 index gatekeepers have rejected adding SpaceX, while short-seller Jim Chanos challenges the offering’s valuation rationale.