Four months ago, on June 12, Elon Musk's Space Exploration Technologies (NASDAQ:SPCX), better known as SpaceX, rewrote the stock market's record books. SpaceX raised $85.7 billion from its initial public offering (IPO), including the underwriters' overallotment, and was valued at $1.77 trillion on its debut day -- both all-time highs. Unfortunately, Musk's artificial intelligence and space infrastructure titan is also making dubious history. Alongside its jaw-dropping sales growth and its estimated $28.5 trillion addressable market, SpaceX looks to be on the verge of fleecing its retail investors, yet again. Image source: SpaceX.
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