This is nuts. Can someone explain this cos I just don’t get it. Why would you invest in a company if its well established that its unlikely you’ll ever make a profit or even get that money back??
Tl;dr - Not a single person would be investing in SpaceX. Americans’ retirement funds would be invested into it, without their knowledge or consent, regardless of how obvious the outcome is.
Elon says on twitter he thinks it will be worth $3 trillion soon
Some idiots buy stock, price goes up
You sell
Profit
You can keep doing this as long as there’s a bigger idiot down the line. If you’re still holding the stock when it collapses you’re the biggest idiot and you lose.
SpaceXs initial valuation is so large it will distort the market, and they changed the rules so the index funds will all buy shares automatically to balance their portfolios, which will shoot the price up and balloon the valuation even further, then Elon and the investors that helped him buy twitter can sell at ludicrous prices at the expense of American 401ks and and passive managed pension funds.
It’s a trillion dollar rug pull in broad daylight.
That’s what they want to happen, but the biggest index fund are already shutting that down. The main losers are going to be his die hard sycophants, who won’t be able to help themselves from buying this trap.
The thing is, the bigger the amounts of money involved the more idiots you need to actually push the price up and keep the fleecing going.
Mind you, the 5% float of SpaceX’s IPO means you only need enough idiot money per cycle to move the price of $87 billion worth of stocks rather than the full $1.75 trillion, which is probably why they’re rigging Indices to force Retirement Funds to be the idiots as it would be a lot harder to source enough idiot money out of Retail Investors.
This is nuts. Can someone explain this cos I just don’t get it. Why would you invest in a company if its well established that its unlikely you’ll ever make a profit or even get that money back??
Tl;dr - Not a single person would be investing in SpaceX. Americans’ retirement funds would be invested into it, without their knowledge or consent, regardless of how obvious the outcome is.
All my friends got on the wait-list to be part of the ipo launch. Trust me a lot of people want this and it will sell like crazy.
You can keep doing this as long as there’s a bigger idiot down the line. If you’re still holding the stock when it collapses you’re the biggest idiot and you lose.
Surely the SEC will shut down these shenanigans! /s
SpaceXs initial valuation is so large it will distort the market, and they changed the rules so the index funds will all buy shares automatically to balance their portfolios, which will shoot the price up and balloon the valuation even further, then Elon and the investors that helped him buy twitter can sell at ludicrous prices at the expense of American 401ks and and passive managed pension funds.
It’s a trillion dollar rug pull in broad daylight.
That’s what they want to happen, but the biggest index fund are already shutting that down. The main losers are going to be his die hard sycophants, who won’t be able to help themselves from buying this trap.
On behalf of my 401k, thank goodness.
The thing is, the bigger the amounts of money involved the more idiots you need to actually push the price up and keep the fleecing going.
Mind you, the 5% float of SpaceX’s IPO means you only need enough idiot money per cycle to move the price of $87 billion worth of stocks rather than the full $1.75 trillion, which is probably why they’re rigging Indices to force Retirement Funds to be the idiots as it would be a lot harder to source enough idiot money out of Retail Investors.
they are forcing us to invest by stealing from our 401k.
because nasdaw and russel rigged inclusion rules
check your 401k people, you might need to move into other ETF to avoid AI companies and bubble