"It really seems like anyone with some renders and a white paper written by someone being gassed up by an overly agreeable AI can get VC funding these days."
If it helps, you’re VTSAX 401k right now would only lose about 0.1% value if SpaceX dropped to $0. By June 2027 when all insider shares are unlocked it could go as high as 1.5%, but again only if it went to $0.
I hate Musk, I think SpaceX as an IPO was trash, and I disagree with the rule changes for index inclusion. But big picture, our 401k will be fine.
Yes. All the retail investors in SpaceX that will be left to hold the bag.
That’s a funny way to spell "our 401k"s.
If it helps, you’re VTSAX 401k right now would only lose about 0.1% value if SpaceX dropped to $0. By June 2027 when all insider shares are unlocked it could go as high as 1.5%, but again only if it went to $0.
I hate Musk, I think SpaceX as an IPO was trash, and I disagree with the rule changes for index inclusion. But big picture, our 401k will be fine.