Robert Reich Calls Elon Musk's SpaceX IPO 'The Universe's Largest Ponzi Scheme'

Economist Robert Reich slammed Elon Musk-led SpaceX‘s IPO scheduled for Friday, criticizing the event as a “Ponzi scheme” and comparing it with the short-lived Department of Government Efficiency (DOGE).

Largest Ponzi Scheme

In a post on X on Thursday, Reich shared a link to a Substack article he wrote. “Tomorrow’s I.P.O. of SpaceX could turn out to be the universe’s largest Ponzi scheme,” adding that it was forcing people to pay the price “whether we like it or not.”

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Tomorrow's I.P.O. of SpaceX could turn out to be the universe's largest Ponzi scheme, and you and I are paying part of the price whether we like it or not. ...

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Robert Reich Calls Elon Musk's SpaceX IPO 'The Universe's Largest Ponzi Scheme'

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