Sen. Elizabeth Warren calls on SEC to delay SpaceX IPO

Summary

Senator Elizabeth Warren sent a letter to the SEC requesting a delay of SpaceX's IPO, citing valuation, governance, and passive investor protection issues. Eamon Javers reports the Trump-led SEC is unlikely to act on the request, so the IPO is expected to proceed, but warns that a Democratic midterm win could bring regulatory pressure later. The anchor dismisses the concerns as mostly fanciful.

• Warren letter urges SEC delay of SpaceX IPO over valuation, governance, passive investor risks.
• Javers notes current SEC unlikely to take Warren's advice, IPO on track.
• Javers signals possible static for the company if Democrats win midterms.
• Anchor Carl Quintanilla calls Warren's concerns fanciful.