The SpaceX Sham: How the Biggest IPO in History Exposed the Myth of Market Transparency

Dissent magazine argues that the SpaceX IPO, which made Elon Musk the world's first trillionaire, reveals the futility of relying on corporate transparency to curb market irrationality. Despite disclosures about unprofitability and nonexistent markets, investors clamored for shares, and index providers bent rules to include the company. The piece contends that democratizing finance requires challenging Big Tech's oligarchic control, not just demanding more information.