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Items tagged with: SpaceX
The Financial Times very gently suggests today that maybe SpaceX isn't worth nearly 2 trillion. And by "very gently", I mean in huge bold type.
I also love the featured quote: "Flotation shows how Musk's real genius lies in making myths."
I can't tell you how relieved I am that at least the S&P500 has decided to keep their rules in place and not let this grifter steal any more of our money than he already has. Maybe (hopefully!) the other indices will follow suit.
Action: SpaceX IPO Mega-Cap Scheme - Contact your elected officials
Draft text:
"Hello, I am writing to alert you to an impending catastrophe related to the SpaceX IPO, and particularly to index fund rule changes that 'fast track' SpaceX into everyone's retirement accounts. This scheme will force index funds, where most people keep retirement savings, to buy SpaceX stock at artificially high prices. What is at risk here is no less than confidence in US financial markets."
This is simply irresponsible theft. #SpaceX
"If the company lists on Nasdaq this June as expected, the stock could land in your retirement portfolio within weeks. And some of Wall Street's loudest skeptics think that's a problem. That's thanks to Nasdaq's new "Fast Entry" rule, approved March 30, which slashes the index inclusion waiting period from three months to just 15 trading days for any newly listed company whose market cap ranks in the top 40 of the Nasdaq-100... George… 🧵 1/4
On Mon, #SpaceX🚨amended its IPO to state that water conds—incl water scarcity, regs around water, & drought—could constrain data center dev.
Water use:🚨emerging as one of the most contentious #DataDenter issues. A recent poll found:🚨7 out of 10 Americans are opposed to data center dev -water scarcity ranking as the top res concern. Facing increasingly fierce resistance, some tech cos are scrambling to assure the public that they’re facing the issue head-on.
#AI #USPol
wired.com/story/data-center-op…
Data Center Operators Are Trying to Fix Their Water Use Problems
Google, Microsoft, and other hyperscalers have come under scrutiny for their impact on water quality and availability.Molly Taft (WIRED)
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
More Background: How Not to Buy SpaceX Stock (It’s Harder Than You Think)
"If Elon Musk’s new public offering of SpaceX stock was an appealing investment, he would let investors make our own decisions about buying it. Instead, with the help of the NASDAQ stock exchange, he is sneaking it into our retirement accounts whether we want it or not."
Questions (cont.):
4. What is your firm's position on the SpaceX IPO and in particular this forced purchase?
5. Are you aware of any class action lawsuits against this? Are you involved in any such efforts to stop this. Can I register to become a member of any such legal action.
6. Have you contacted the SEC to stop this? Will you?
4/
Questions:
1. What funds that I own will automatically be forced to buy SpaceX? When?
2. Will this force liquidation of other stocks I own in the fund? How much? What will be the capital gains tax implications of this for my portfolio for 2026?
3. What would I need to sell to eliminate all such exposure. What would be the capital gains tax implications of this for 2026?
3/
ACTION: Call your financial manager about SpaceX IPO ASAP
Background: SpaceX has filed to go public at a grossly overvalued $1.8 Trillion. The fundamentals in no way justify inclusion in index funds, BUT NASDAQ rules were CHANGED so that it will be included. As a result 401Ks and IRAs will AUTOMATICALLY buy the stock, giving this worthless company your money. It is the greatest grift of all time.
To Do: Contact your financial firm immediately. More below...
1/
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.
News: Spotgamma | SpaceX IPO Index Inclusion: How Rule Changes for SPY, QQQ, and IWM Force Index Funds to Sell Stocks and Buy SpaceX
Crime of the century!
The mechanics are simple — and mechanically brutal:
1. The index provider calculates SpaceX’s target weight...
2. Every passive fund tracking the benchmark must sell proportional amounts of every existing holding...
3. On a single rebalance date, those funds buy SpaceX...
spotgamma.com/spacex-ipo-index…
SpaceX IPO Index Inclusion: How Rule Changes for SPY, QQQ, and IWM Force Index Funds to Sell Stocks and Buy SpaceX
SpaceX's $75B+ Nasdaq IPO is forcing S&P Dow Jones, Nasdaq, and FTSE Russell to rewrite index rules. Here's how forced rebalancing into a low-float megacap could move SPY, QQQ, and IWM — and what dealer hedging flows around the event mean for traders…SpotGamma Research (SpotGamma)
RE: flipboard.com/@theverge/tech-n…
“Musk has figured out that if you make a bunch of sci-fi bullshit promises, people can’t really examine them carefully for plausibility”
🎯
The SpaceX IPO is great for Elon Musk and terrible for you
The biggest public offering ever is financial nihilism’s final form. I haven’t seen anything as stupid as the WeWork IPO document in a very long time — that is, until Elon Musk filed to take SpaceX public. WeWork was a joke. SpaceX is a threat.The Verge - Elizabeth Lopatto
"SpaceX’s IPO Filing Shows Elon’s Twitter ‘Business Genius’ Was A Fantasy"
"The 69 million paid subscribers became 4.4 million. The $10 billion subscription business became $250 million."
#twitter #spacex #spacexipo #elonMusk
techdirt.com/2026/05/22/spacex…
SpaceX’s IPO Filing Shows Elon’s Twitter ‘Business Genius’ Was A Fantasy
Elon Musk, business genius. When Elon Musk announced his plans to buy Twitter, some of his billionaire friends rushed to text him to say they’d throw whatever money they wanted into the deal.…Techdirt
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/…
SpaceX rocket bursts into flames during Indian Ocean landing – video
Company says fire at end of test flight of redesigned Starship was not unexpectedGuardian 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.
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…
- YouTube
Bekijk je favoriete video's, luister naar de muziek die je leuk vindt, upload originele content en deel alles met vrienden, familie en anderen op YouTube.www.youtube.com
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.
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...
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)
