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.
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.