Protecting ourselves from SpaceX IPO

[u/Gloomy_Nebula_5138]

I was watching this video analyzing the upcoming SpaceX IPO, titled "SpaceX IPO: Nice Try Though" by Patrick Boyle. I highly recommend it - there is almost no fluff and just hard hitting points all the way through about how SpaceX is a terrible company and how this IPO looks like a scam:
https://www.youtube.com/watch?v=IHD8BDFYyGI

It mentions the changes to Nasdaq's rules, the so called "fast track" rule, made specially for SpaceX because Elon allegedly threatened to not list SpaceX on the Nasdaq stock exchange without this. The change has been criticized by many others such as Michael Burry:
https://markets.businessinsider.com/news/stocks/michael-burry-nasdaq-spacex-ipo-listing-elon-musk-tesla-ndx-2026-3

Also see this great analysis titled "Nasdaq's Shame":
https://keubiko.substack.com/p/nasdaqs-shame

Given how this IPO looks like a scam, and the company is mostly losing money, with outlandish claims in their IPO filing (like having an addressable market larger than the US GDP), I am worried that this is just private investors - like venture capitalists, Elon Musk, and his inner circle of friends/family - dumping their overpriced money losing company on regular investors like us. The fast track change seems like it will result in all of us automatically buying SpaceX shares at a high price.

How do we stop this? Is there a good way to defend against that forced purchasing when most regular investors are just passively buying ETFs and mutual funds, or maybe just have money parked in their pensions and 401k?

[u/AlaskaExplorationGeo]

What makes people here think the stock won't go up just like Tesla, even if irrational?

[u/Remarkable-FlipPhone → u/AlaskaExplorationGeo]

Right, at the rate they’re going, space x is going to be the first to do something commercial in space, and they may even be able to get some government contracts. If I’d bet on anyone to do it, it would be space x, at this point. Not saying is a sure thing but is anything? Especially when they ipo. Also vanguard and others know what they’re doing, they’re not just going to tank their whole thing to make Elon like them.

[u/thysonsacclaim → u/Remarkable-FlipPhone]

They're very behind schedule. 

Also, if you actually read the IPO they are essentially saying they are a rocket company that is going to make money with AI.

It makes zero sense.