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How can this be stopped? Who is raising the issue!

Do you really see a reality where US equity markets tank and ex US markets are unaffected?

I did something similar a few months ago. Moved every dollar that I could without a hefty capital gains bill, and I'm no longer putting new money into the US market either.

SB21 is what got me to divest 75%. The spaceX Bagnarok is what got me to go 100% international

Delaware deserves much of the blame, unfortunately. Management pitched a fit that the trial courts actually enforced the One Rule (“you can’t just steal the stockholders’ money”) and the (dem!) state legislature judicially neutered the rule at the behest of the new (dem!) governor.

What are the odds that this causes a schism in index-fund providers? Disappointingly, but unsurprisingly, I don't think Fidelity or Vanguard are going to blink at this. They simply aren't equipped to handle this kind of politically-charged corruption. Anyone else?

Offering only a tiny slice is the point. They just need the price to stay high for long enough to get on indices and thereby require index funds to buy their shares at their insane valuations. Then, the low number of shares actually on the market makes index fund demand a financial potato canon

I'll grant you that it is a horrible grift. But nobody has to by into it at the opening price. To hit its targeted $1.75 trillion to $2 trillion valuation, the anticipated per-share IPO price for SpaceX is expected to settle between $135 and $154 per share. I might consider it around $35

His actual net worth is less than zero. Depends on the measurement of value.

He's gonna take the company public as a majority partner, then tell the board to buy him out, and the US Government (dependent on SpaceX launch services and satellite comms) will be forced to fund that buyout.

They should state that they will not be following the updated exchange rules as they view it as improper to their customers and will stick to the previous time table for a company to become listed

After that giant explosion yesterday ? I would rather invest in my local Hells Angels.

When your government is a criminal enterprise…

If the oligarchs steal all my money, I’ll simply kill myself. I know that’s what they want but that’s my plan.

Are they still trying to get the lockup period to end right around the time they'd be added to an index? I can't see that as anything other than giving Twitter and xAI investors the liquidity for an exit...

They’re doing the U2 iPhone thing but with your life savings

The GOP is a crime syndicate and should be discussed and treated as such.

There is so much unchecked corruption occuring at the highest levels of American society right now. The USA is shaping up to make modern Russia blush

Launch a new index minus musk fund- i will gladly switch.

Every democrat & independent needs to remember this scumbag tried to CHAINSAW OUR LIVES and laughed about it. The only way to beat this piece of garbage is don't invest in his companies, don't buy his cars and close your X account. This is the only way to beat a corrupt selfish scumbag oligarch.

"A successful swindler has to be a great salesman even more than a great actor." ~ David Suchet

But it's financial innovation!

Skynet is born.

Personally I wouldn’t get near anything ‘ musky ‘

Space Karen is the #1 Grifter and Welfare Queen in history. A total and complete fraud and douchebag weirdo

The S&P will be approximately 0.2% Space-X after this IPO. Even TSLA is only about 1%. I'm not saying I wouldn't short them, but is it really worth worrying about? But anyway any quality-focused ETF like QUAL or VIG will filter these stocks out.

I can see people reacting just like they did on that GameStop short squeeze. Make it look like Musk is going to make a fortune then sell it low and make it worthless. I’m sure a lot of fired federal employees would consider participating.

Seems like this is already happening.

He's basically the guy from Disco Elysium who's so wealthy that reality literally distorts around him. everything just bends in his favor, unconstrained by rules or economics or common sense

Can’t get enough of of that Sugar Crisp

jokes on him like many tech workers getting laid off for no reason while the company was doing well left me somewhat unprepared for a job search so all my savings are gone!

There was a moment when Tesla was focused on developing an affordable electric car to fill out its offerings. Instead, Elon built the Cybertruck. Should tell us everything we need to know about his business instincts. SpaceX is a venture capital play in its purest form.

Ryan, how can a company that puts out this 'plan' do a Wall Street IPO, much less join the S&P 500?

I’m pretty worried about how tech stocks might tank and take Australian superannuation funds with it

Is there a good resource for which index funds will be affected, and what reasonable alternatives might be? Or is it time to scrap index funds and move to bonds?