The SpaceX IPO is a massive fraud. You might already believe this but the details are even worse than you can imagine.
Pension funds and passive investors should be raising holy hell at being forced to buy this dumpster fire.
#spacex #spacexipo #musk #elonmusk
Get an exclusive 15% discount on Saily data plans! Use code BOYLE at checkout. Download Saily app or go to https://saily.com/boyleThis week, SpaceX filed the...Patrick Boyle (YouTube)
Think that Trump's slush fund is audacious because he's stealing BILLIONS? Wait till you learn how Musk is stealing TRILLIONS.
"They’ve figured out how to steal your retirement."
Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
businessinsider.com/spacex-ipo…
What the SpaceX IPO means for markets
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.Naomi Buchanan (Business Insider)
Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.
Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.
They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.
Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.
They’ve figured out how to steal your #retirement.
#AI #LLM #Scam #guillotines #YouWillOwnNothing
businessinsider.com/spacex-ipo…
SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.Naomi Buchanan (Business Insider)
SpaceX led by Elon Musk has moved closer to a Wall Street listing on Wednesday after filing plans for what could become the largest initial public offeringEUROPE SAYS
