This will ultimately lead into enshittification since SpaceX is losing billions and new investors expect regular earnings reports pressuring SpaceX of endless growth, steering them away from their original mission.
Unfortunately, this IPO is just one big giant dump on retail investors, pensions and all the rest of it, just to force the entire world's capital to invest in SpaceX.
I think it is best to start working on an open source version of SpaceX that isn't owned by Wall Street.
What would you like to see in an Open Source SpaceX owned by the community.
I imagine if some parts could be kicked off as an OSS project, there would be no problem with getting contributors. But for example rockets require a lot of work from a lot of people, but the amount of people who benefit from them isn't particularly big. Maybe their number is only single digit.