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Last updated: June 4, 2026, 5:43 AM ET
Tech & Capital Markets
Critics warn montanaskeptic.substack.com that SpaceX's upcoming IPO represents "the theft of the century" as Elon Musk's company seeks astronomical valuations amid questions about profitability. This comes as analysts note American capitalism's shift economist.com toward what some describe as an "apocalyptic turn," with wealth concentration reaching unprecedented levels. Developers and tech workers face mounting pressure as IPO valuations increasingly divorced from fundamentals reshape compensation expectations and startup funding landscapes.