ACTION: Call your financial manager about SpaceX IPO ASAP
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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...
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Draft script: "I am very concerned about the SpaceX IPO. I understand funds I own may soon automatically be forced to buy stock in this grossly overvalued company with horrendous corporate governance concerns. I am requesting an urgent meeting to spell out for me any exposure. I am sharing this article, and would appreciate you pass it on to your analysts and be prepared to discuss the details with me. Can we set up a call for tomorrow?"
https://spotgamma.com/spacex-ipo-index-changes-spotgamma/
2/
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Draft script: "I am very concerned about the SpaceX IPO. I understand funds I own may soon automatically be forced to buy stock in this grossly overvalued company with horrendous corporate governance concerns. I am requesting an urgent meeting to spell out for me any exposure. I am sharing this article, and would appreciate you pass it on to your analysts and be prepared to discuss the details with me. Can we set up a call for tomorrow?"
https://spotgamma.com/spacex-ipo-index-changes-spotgamma/
2/
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/
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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/
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/
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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/
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."
https://cranberries.medium.com/how-not-to-buy-spacex-stock-its-harder-than-you-think-a37610cb8bd3
Free link: https://archive.is/71GCn (thanks Molly B @mjibrower !!!)
5/
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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."
https://cranberries.medium.com/how-not-to-buy-spacex-stock-its-harder-than-you-think-a37610cb8bd3
Free link: https://archive.is/71GCn (thanks Molly B @mjibrower !!!)
5/
More Background: American Federation of Teachers Opposition
https://mastodon.online/@mastodonmigration/116671337334273944
6/
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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."
https://cranberries.medium.com/how-not-to-buy-spacex-stock-its-harder-than-you-think-a37610cb8bd3
Free link: https://archive.is/71GCn (thanks Molly B @mjibrower !!!)
5/
More Background: The Verge | SpaceX IPO is great for Elon Musk and terrible for you
“The likelihood the shares wind up in many people’s retirement accounts means that if SpaceX fails, the people who get hit are not the wised-up early investors but basically a bunch of normal people, the ones who can least afford it."
https://www.theverge.com/ai-artificial-intelligence/940001/elon-musk-spacex-ipo-ai
7/
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More Background: The Verge | SpaceX IPO is great for Elon Musk and terrible for you
“The likelihood the shares wind up in many people’s retirement accounts means that if SpaceX fails, the people who get hit are not the wised-up early investors but basically a bunch of normal people, the ones who can least afford it."
https://www.theverge.com/ai-artificial-intelligence/940001/elon-musk-spacex-ipo-ai
7/
More Background: Casual Finance | The SpaceX IPO... It's Worse Than You Think. It's A Trap
If you watch just one summary of this epic scheme, make it this one!
https://youtu.be/-X6YzlY_8tM?t=560
8/
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More Background: Casual Finance | The SpaceX IPO... It's Worse Than You Think. It's A Trap
If you watch just one summary of this epic scheme, make it this one!
https://youtu.be/-X6YzlY_8tM?t=560
8/
More Background: Benzinga | Elon Musk's SpaceX IPO Could Trigger Up To $27 Billion In Forced ETF Buying—Economist Says Nasdaq May Face Lawsuits
“the most brazen retail fleecing in modern market history,” pointing to rule changes by the Nasdaq that would force investments into the IPO
“SpaceX shareholders, especially the accidental ones in index funds (good time to get out), could sue NASDAQ for these rule changes,”
9/
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More Background: Casual Finance | The SpaceX IPO... It's Worse Than You Think. It's A Trap
If you watch just one summary of this epic scheme, make it this one!
https://youtu.be/-X6YzlY_8tM?t=560
8/
More Backgound: Patrick Boyle | SpaceX Lost $37 Billion. Now It Wants Your Pension
For a great really deep dive that will leave you fuming...
https://www.youtube.com/watch?v=IHD8BDFYyGI
10/
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More Background: The Verge | SpaceX IPO is great for Elon Musk and terrible for you
“The likelihood the shares wind up in many people’s retirement accounts means that if SpaceX fails, the people who get hit are not the wised-up early investors but basically a bunch of normal people, the ones who can least afford it."
https://www.theverge.com/ai-artificial-intelligence/940001/elon-musk-spacex-ipo-ai
7/
SOP for modern IPO, seems like.
Post-pump-and-dump era, where fleecing is now normalized.
IPO was considered a badge of failure long ago. Then it was normalized (and actually kind of worked for claimed purposes).
I guess we're on a continuum of evolution
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SOP for modern IPO, seems like.
Post-pump-and-dump era, where fleecing is now normalized.
IPO was considered a badge of failure long ago. Then it was normalized (and actually kind of worked for claimed purposes).
I guess we're on a continuum of evolution
This is indeed the mother of all pump and dumps, with the additional flourish that they are simply taking your money.
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More Backgound: Patrick Boyle | SpaceX Lost $37 Billion. Now It Wants Your Pension
For a great really deep dive that will leave you fuming...
https://www.youtube.com/watch?v=IHD8BDFYyGI
10/
More Background: The Danes are having none of this...
https://mastodon.online/@mastodonmigration/116671401657197824
11/
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This is indeed the mother of all pump and dumps, with the additional flourish that they are simply taking your money.
Novel by nakidity.
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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."
https://cranberries.medium.com/how-not-to-buy-spacex-stock-its-harder-than-you-think-a37610cb8bd3
Free link: https://archive.is/71GCn (thanks Molly B @mjibrower !!!)
5/
@mastodonmigration (I ran into a subscriber wall, but here's a non-subscriber link: https://archive.is/71GCn)
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Novel by nakidity.
Indeed.
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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/
@mastodonmigration This is truly bizarre indeed.. saw it a few days ago
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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/
@mastodonmigration Another reason why I have always refused to buy index funds.
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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/
@mastodonmigration The USA is a blight on civilization
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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."
https://cranberries.medium.com/how-not-to-buy-spacex-stock-its-harder-than-you-think-a37610cb8bd3
Free link: https://archive.is/71GCn (thanks Molly B @mjibrower !!!)
5/
When you sell shit, you have to force people to buy it. It's the antithesis of capitalism's obsession with competition, in theory if not in practice.
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When you sell shit, you have to force people to buy it. It's the antithesis of capitalism's obsession with competition, in theory if not in practice.
Good way to put it.
