This is a scam. It's a move to socialize the risk and inevitable massive losses of an unprofitable company, to shift the burden from billionaires onto the backs of ordinary people and eventually to tax payers. Same scam that Anthropic and OpenAI are running.
WATCH: SpaceX CEO Elon Musk rings the NASDAQ opening bell as the company officially goes public, setting him up to be the world's first trillionaire.