Overview
- Cuban answered Musk’s “working will be optional” line with a mock IPO “Risk Factors” section on X that he said was hypothetical.
- He warned governments could replace shrinking income and payroll taxes with new levies such as a robot use tax or a token use tax, which could change profits and investor returns.
- He flagged market plumbing risks by saying Nasdaq might fail to build the AI systems companies would rely on, which could keep a stock from trading.
- As a backup, the draft proposed turning shares into tokens on a Grok-built blockchain that would activate only if needed.
- He said Grok generated 87% of the text and called current securities rules outdated, a critique drawing extra attention as reports of up to 30% retail in a possible SpaceX IPO raise questions about how such risks would be disclosed.