Anthony Scaramucci Says SEC Should Cut Some Red Tape So Everyday Joes Can Get A Piece Of SpaceX And OpenAI: 'Hard For The Public To Get Access'

Core Viewpoint - Anthony Scaramucci criticizes SEC regulations for limiting retail investors' access to promising private companies, suggesting that these rules discourage firms from going public [2][4]. Group 1: SEC Regulations and Market Access - Scaramucci argues that the U.S. is witnessing a decline in the number of great companies available to the public, citing examples like Elon Musk's xAI and SpaceX, which have not pursued IPOs [2][4]. - He emphasizes the need for the SEC to reduce regulatory burdens to make IPOs more appealing to companies [3][5]. Group 2: Historical Context and Comparison - Scaramucci compares the current market environment to Microsoft's IPO in 1986, highlighting that early investors had significant opportunities to build wealth, which contrasts with today's market where growth is often confined to private equity and venture capital [4][5]. Group 3: Retail Investor Initiatives - Robinhood Markets has launched the Robinhood Ventures Fund I, aimed at providing retail investors access to private companies, a space traditionally dominated by wealthy individuals and institutions [6][7]. - The number of publicly traded firms in the U.S. has decreased from nearly 7,000 at the start of the millennium to about 4,000 in 2024, while private market valuations have exceeded $10 trillion [8].