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Items tagged with: Nasdaq
A Danish pension fund has blacklisted SpaceX, calling it grossly overvalued with catastrophic governance
Denmark’s AkademikerPension, which manages roughly $25 billion for academic professionals, has said it will not participate in SpaceX’s initial public offering or buy shares in any secondary-market transaction, according to Bloomberg.The Next Web
Capital Gains Impact
One other thing to point out about this shenanigans is that the forced selling is going to trigger capital gains for Index fund holdings that have appreciated (and they pretty much all have). This will force IRA and 401k holders to incur significant 2026 capital gains taxes.
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 mega IPO matters for all investors. Here's why.
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)
