Is Musk 'draining retirees' savings'? American retirees have spent their whole lives saving for retirement, but their money is quietly being used to fund Musk's space dreams. SpaceX reported a $4.2 billion net loss in Q1, yet early investors have made $60 billion on paper. Once the cash-out game begins after going public, index-tracking funds will be forced to buy in—and those funds are filled with the retirement savings of tens of millions of retirees. The three major public pension funds have jointly written a letter of protest. But with Musk holding 85% of the voting power, what can a letter really change? Full story, watch the video.