Elon Musk wants a SpaceX IPO of $1.75 trillion. To get there, he got the rules changed so that index funds, with millions of American’s retirement savings, are forced to buy in. Regular people will take huge losses, while insiders cash out. But there is a way for us regular people to fight back.
Posted by ConspiracyUniversity
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Submission Statement:
Elon Musk wants a SpaceX IPO of $1.75 trillion. To get there, he got the rules changed so that index funds, with millions of American’s retirement savings, are forced to buy in. Regular people will take huge losses, while insiders cash out. But there is a way for us regular people to fight back. By submit your feedback to the S&P about this rule change at this link by the end of today May 28: https://www.spglobal.com/spdji/en/governance/consultations/mr4292/
Oh this isn’t a conspiracy. This is a fact
If it actually launches at that valuation I’m shorting the piss out of it