Trump's biggest donor scrambles to justify 'insane' stock market debut

SpaceX’s looming IPO has attracted scrutiny as Elon Musk navigates controversial moves intended to boost investor enthusiasm for a $2 trillion valuation. Gizmodo reports Musk may rearrange Starlink branding and end a three-year compute lease with Anthropic after 180 days with mutual 90-day cancellation, despite the S-1 indicating a three-year term and payments of $1.25 billion per month through May 2029, with ramping capacity in 2026 at a reduced fee. Critics, including Ed Elson, have called the filing costly and opaque amid questions about the underlying economics. The juxtaposition of hype, strategic partnerships, and opaque accounting has intensified scrutiny ahead of SpaceX’s public listing.