[American Federation of Teachers Calls for Thorough Investigation into SpaceX IPO, Claims Valuation 'Defies Financial Logic'] According to a report by Golden Finance, on May 7, one of the largest public unions in the United States, the American Federation of Teachers, called on regulatory agencies to thoroughly investigate SpaceX's IPO, stating that its valuation 'defies financial logic.' The union sent a letter to the U.S. Securities and Exchange Commission (SEC), expressing concerns about SpaceX's leadership practices and accounting methods. SpaceX is seeking to raise $75 billion at a valuation of approximately $2 trillion, which, if successful, would become the largest IPO in history. However, experts have pointed out that its revenue is severely mismatched with its valuation, relying more heavily on Musk's vision for the future.