Yea, and their plan is to make you a bag holder.
Does anyone know if there’s a way to identify which of my 401k plans will be buyinh this stock once it gets added to the indexes? I would love to not have money in those index funds but don’t know how to tell.
I wouldn’t worry too much. Index only update every quarter at most. They won’t be buying in at the IPO.
It’ll also be a very small portion of their holdings when they do buy in.The three month start-cooldown to be listed in top100 was reduced to three weeks.
Back when I used to collect comic books I’d always get excited by the ‘book value’ of something I owned, and my dad would always tell me “No matter what the price guide says, that comic is worth only what someone is willing to pay for it”.
Most people who are going to buy into SpaceX are likely going to do it out of love for space exploration and a desire to be a part of SpaceX.
Even if the stock dips soon after the IPO, getting in early on a huge IPO such as this historically pays off huge in the long run.
Thing is, they’re aiming at that exact kind of investor to pump their valuation, by selling relatively few shares
Unfortunately they were merged with xai so they will likely go down with the ship
Even if the stock dips soon after the IPO, getting in early on a huge IPO such as this historically pays off huge in the long run.
Then why don’t they want to abide by the normal 12 month seasoning time period?
They’re only going public with 5% of the shares to constrain supply and push up price and thus total valuation. They’re also probably going to have to get rid of Xai as it is a dead weight on the company as a whole.
It’s going to be very messy and if people want anything to do with it, probably best to wait a bit longer and buy when it’s dropped substantially in value.
They sell something like 5% publicly, and 30 or 40 %, I don’t remember, is for select people. They want to reward people that were loyal. This is corruption.
Add to that the various changes around the regulation. You don’t need 20% public offerings anymore to land in the top100, and they don’t have to wait three months anymore, just three weeks to land in the top100. That means various ETFs and other stocks will have to automatically buy in. And with that, indirectly boosting value. Like retirement plans suddenly having to buy in to this overvalued money steal.
Pure corruption.
Only that much less?
