SOC Investment Group, which advises union-affiliated pension funds, is urging US
regulators to scrutinize SpaceX’s financials ahead of a potential IPO valuing
the company over $2 trillion. In a May 6 letter to the SEC, SOC requested review
of SpaceX’s financial disclosures for accuracy, auditor independence, and
transactions with other Musk ventures, including xAI and Tesla. The group
expressed concern that investors could face risk if disclosures are not
independently verified. SOC, not a SpaceX shareholder, has previously pressed
companies like Tesla and JPMorgan on corporate accountability.
