If, like approximately 156 million Americans, you own stocks either directly or as part of a mutual fund and/or 401(k) plan, you might want to start keeping a close eye on your investments, because Tesla/Twitter CEO Elon Musk is making a move that could wind up costing you a sizable chunk of your retirement nest egg.
How? Well, according to a report from Yahoo! Finance, it all has to do with Musk’s exploding (literally exploding in mid-flight) rocket company, SpaceX, which is about to be added to the stock market via an Initial Public Offering (IPO).
“SpaceX filed its S-1 — the formal registration document a company must submit before selling stock to the public — with the U.S. Securities and Exchange Commission on May 20, 2026 (1).”
And as you’d expect, Musk is getting special consideration and an accelerated application approval for being the richest man in the planet.
“Four index providers have moved to fast-track large new listings, but at different speeds and different stages.”
Musk’s SpaceX got almost instantaneous approval, which is unprecedented.
That news didn’t sit well with some investors. Ironically, they made their thoughts clear on Musk’s social media site.
