YAY! IT EXPLODED!

...amazing how hard it was to find a mainstream news story that didn't try to hide that fact, though. I wonder why? 🤔

theguardian.com/science/video/…

@news #Space #SpaceX

SpaceX rocket bursts into flames during Indian Ocean landing – video

Company says fire at end of test flight of redesigned Starship was not unexpected

^{Guardian staff reporter (The Guardian)}

In simple terms. SpaceX is a meme stock whose fundamentals in no way justify inclusion in index funds. NASDAQ rules have been changed so that it will be included. As a result 401Ks and IRAs will automatically buy the stock, effectively giving this worthless company your money. It is the greatest grift of all time.

#SpaceX

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)}

#PatrickBoyle on the bizarre mess in #SpaceX IPO filing. Worth watching.

youtube.com/watch?v=IHD8BDFYyG…

News: SpaceX Starship Launch Scrubbed Yet Again

"The 12th test flight of SpaceX's Starship megarocket has slipped yet again, to Thursday evening (May 21). That's the second delay in the past two days; SpaceX had originally targeted Tuesday (May 19) for the launch but pushed it to Wednesday (May 20). And now Wednesday is off the table as well."

space.com/news/live/spacex-sta…

#SpaceX IPO filing public is required by May 20 if their 'roadshow' is still to commence on June 5th.

msn.com/en-us/money/companies/…

The pressure is on for Musk's really big spaceship launch...

"If Starship Explodes Again, It Could Derail SpaceX’s Entire IPO"

"Musk has more or less staked SpaceX’s entire future on Starship’s success."

"According to Reuters, SpaceX is aiming to release a prospectus officially outlining the IPO on Wednesday — the same day of the Starship launch."

futurism.com/space/starship-ex…

Watch this space...

Edit: Launch seems to have been delayed again. Stay tuned...

#Musk #SpaceX #Starship

If Starship Explodes Again, It Could Derail SpaceX’s Entire IPO

SpaceX's multi-trillion dollar IPO could come flying apart if its Starship rocket does on its upcoming test flight.

^{Frank Landymore (Futurism)}

The #Pentagon said it had reached agreements with ​7 leading #AI companies to deploy their advanced capabilities ‌on the #Defense Dept's #classified networks.

#SpaceX, #OpenAI, #Google, #NVIDIA, #Reflection, #Microsoft & #Amazon Web Services [#AWS] will be integrated into the Pentagon's Impact ​Levels 6 & 7 network environments to "streamline ​data synthesis, elevate situational understanding, & augment warfighter ⁠decision-making in complex operational environments.”

reuters.com/business/retail-co…