I dunno why yall are celebrating this.
Elon basically gaslighted retail investors, and managers for your retirement funds, into transferring wealth directly to Elon Musk.
Other index funds were forced to buy SpaceX at the IPO price. They literally had no choice, even if they knew they’d lose money. And this includes any overseas ones with exposure to US indices.
This is not something to celebrate. We all just got conned, even if you didn’t buy SpaceX directly.
I dunno why yall are celebrating this.
Elon basically gaslighted retail investors, and managers for your retirement funds, into transferring wealth directly to Elon Musk.
Other index funds were forced to buy SpaceX at the IPO price. They literally had no choice, even if they knew they’d lose money.
This is not something to celebrate. We all just got conned, even if you didn’t buy SpaceX directly.
I dunno why yall are celebrating this.
Elon basically gaslighted retail investors and managers for your retirement funds into transferring wealth directly to Elon Musk, and to the inner circle of initial shareholders.
Other index funds were forced to buy SpaceX at IPO. They literally had no choice, even if they knew they’d lose money.
This is not something to celebrate. We all just got conned.