Imagine you spent 40 years doing the boring, responsible thing.You opened a 401k at 23. You contributed every paycheck. You ignored the noise. You bought the index because Bogle told you to, because Buffett told you to, because every honest piece of financial advice for 30 years told you the index was the safest, most diversified, most rules-based way to own America.The whole point was the rules.The rules said: a company must trade for 12 months before joining the S&P 500. The rules said: it must show four consecutive quarters of GAAP profitability. The rules existed because in 1999 the index quietly bought a lot of stocks at the top, and pensioners paid the bill.After the dot-com crash, S&P tightened the rules. Nasdaq tightened the rules. FTSE Russell tightened the rules.For 23 years, those rules held.Then SpaceX filed for IPO.And the rules changed.The S&P 500 waived the profitability requirement. Nasdaq cut its trading-history window from 90 days to 15. FTSE Russell cut its to 5.Bloomberg Intelligence estimates the major index funds will absorb between 19% and 24% of SpaceX's float within six months. That's over $30 trillion of passive 401k and retirement money, mechanically buying a single newly public company at IPO valuations, because the rules said they had to.Except the rules used to say they didn't.Here's the thought exercise:If you spend 40 years building a system designed to protect ordinary savers from buying overpriced stocks, and then you waive the protections the moment a sufficiently large stock asks you to, what was the system actually protecting?Most of investing is about understanding what's a rule and what's a guideline.A rule binds the rule-maker.A guideline binds the saver.You're allowed to find out which is which only after the fact. BIGGEST RUG PULL IN WORLD HISTORY!Keep in mind that <5% of SpaceX stock holders can even sell their position at this pointCome end of July that increases to 20%
>>537742186Strong Buy Signal
>>537742186Genuine $10 share lmao.
>>537742429>people can only buy the stock not sell it>hundreds of millions of people FORCED to buy it due to how index funds work>still dropping in value>This is a buy signal!
>>537742186Except that they didn't get added.
>>537742186not too sure the economic system can die even more than it's already dead luckily for us
>>537742186Hey, at least they built self-sustaining colonies on mars and on the moon.
>>537742492It's a genuine $0 share.As eternal dictator of SpaceX, Musk has no reason to ever pay dividends or do buybacks, and shareholders can never force him to. SpaceX's S-1 form almost literally says that SpaceX is never paying dividends or buying back shares. SpaceX stock is, for all intents and purposes, just a SpaceX themed crypto coin.
promises made promises keptmars by 2020 anyone
>>537742186The IPO price was $135
Don't worry, the people that bought stock recently aren't allowed to sell it for another 100 or so days or they're banned from trading for life.It's good to be the people that write the rules.
>>537742894Don't forget that they didn't choose to buy SpaceX stock, they were forced to at gun point due to the way index funds work.
>>537742961Oh, I was referring to individuals that bought into it. Yeah, general investors are also fucked through no action of their own. I watched this video on it: https://www.youtube.com/watch?v=wKXgeNwNRJ4
>>537742186The IPO price was $135 retard. Anyone that bought in is still up 14%. How's your high yield savings account treating you?
>>537742701>>537742824>>537742648It's not about SpaceX the rocket company. It's about SpaceX the rocked company lumped together with Twitter and their fairytale ai business. I would gladly buy the rocked company stock because they're actually turning profit while doing genuinely cool stuff, but musk specifically designed the IPO to sell you his share of the AI bubble.
>>537742186>The S&P 500 waived the profitability requirement. Nasdaq cut its trading-history window from 90 days to 15. FTSE Russell cut its to 5.it never got included in the S&P 500. cope and seethe
>>537742186Seems like all of the value of an IPO just goes to pay off the employees and venture capitalists besides being massively overvalued on top of it . Gone are the halcyon days of the late 90's where you could buy apple stock for $0.37
>>537742893Correct.
>>537742824Elon achieved a lot. Even though his deadlines were always overoptimisticMost of the world's payload is now launched to space by him and NASA is just 15%
>>537742186Billionaires like elon musk, the trump crime family don't give a fuck about your rules. You will buy their worthless memestock whether you like it or not.
>>537742186They backed off the rule change tho faggot
>>537742186I'm positively gobsmacked. Who could have predicted this?
>Twitter crossposting thread.>This is serious guys.>Here's why that matters.holy fuck kill yourself OP
>>537742186As I like to say jews keep doing it because goyim keep falling for it
just wait 25 years and im sure it will be positive again. so long as you don't account for inflation
>>537742429
>>537743157Why does it matter whether the rockets are attached to data centers, if your goal is just to donate to Musk rather than to be paid dividends down the line?Musk structured the corporation such that he can never be forced to pay dividends and he has no reason to pay dividends
>>537742186>he doesn’t know the whole objective of the system is to fleece poors so the rich can get richer Point and laugh everyone
>>537742186>it hasn't even been 90 days of lockupoh boy. this is gonna be like the Mexican fobaproa, or the Ukrainian Privatbank because the lemon socialists are the most productive members of our third world.
>>537742186You lost space tranny.
>>537742186It's been in the news that Elon allegedly genocided millions of African children so that could have an impact on the stock
>>537742186SpaceX won't be fast tracked on to the S&P 500 you retard, it also won't be listed on the Nasdaq until the 6th of July
>>537742186why did you make up this retarded fantasy when spcx never got added?
Fuck the African retard. I hope the stock goes negative and takes his shitty car company that sells no cars with it.
i participate in jewish markets so literally not my problem
>>537742186Who cares about this stupid crap? Other than billionaires this affects nobody
>>537742186again, spacex is really the grok ipo which when taken together with openai and anthropic constitute a soft bail-in of the treasury market to mitigate malign effects of printing without explicit YCC. MC doesn't matter only liquidity and that 5% float is the means by which the price can be managed. come end of july those unlocks won't sell because the price will be nearly double what it is now - ponzi math.
>>537745289>insiders with stock won’t sell when it unlocks because prices will be highLol. Lmao even
>>537742186In grift economy of 2k20+ every "safe" company tries to get stonks up by making the most insane and long term self annihilating decisions just to get stonks up for 1 month. Giving your own money for them to decide what to do with them is just a great way to lose it all. Enshittification affects every trust fund too. Nobody is safe in this clown economy lmao.
>>537742186Ipo was 135
>>537743157>It's not about SpaceX the rocket companySpaceX the tshirt, SpaceX the coloring book, SpaceX the lunchbox, SpaceX the breakfast cereal, SpaceX the flamethrower! It's all about merchandising.
>>537746369Yes it was
>>537742186They changed the rules for a "given win" and watch as the given win turns out to be a damning loss...Looks deliberate to me.They're trying to destroy some investments, not pilfer them.
>>537742186This is more an example of why to stop buying ETFs. They're loaded with garbage that they're forced to buy due to their structure. Either buy into an actively traded mutual fund with the same general focus or just buy the stocks you want and trim the fat.
>>537743157>The point>Your headThe point of buying stock is to get money or influence, you can get that through dividends or buybacks, or through voting shares. The former two you'll never get because SpaceX has made it clear that it will never pay dividends and due to the way SpaceX is structured Elon can't be outvoted under any circumstances. This is just a crypto currency in the sense that it's valuable because people are willing to buy it and you hope to not be the final guy holding the bag.
>>537743113This
>>537743488ThisOp is a retard and poor
>muh rulesYou are a salmon swimming up schlomo's shit waterfall, and you expect mercy?
>>537742429AAAHHHHH! I'm not liquid to big buy, fffffffffffffffff!
>>537742506>people can only buy the stock not sell itnigger what?
what do you think doge and elon’s political activities have been about? cleaning out anybody in the sec who might have stopped this + awarding himself gov contracts
>>537742648Just like how he built the hyperloop he promised a decade ago.
>>537742186Oh come on the idiots always use musk's stock to make money on shorts.EVERY TIME.Dear idiots, ALL VALUES IN THIS WORLD ARE SET BY YOU.If you want to trade however you have to agree on those values.Stop letting others set YOUR VALUES, AKA believe in yourself.
