SpaceX IPO Rules Just Got Rigged to Force 401k Funds Into Overpriced Shares So Insiders Dump Their Bags
They waived profitability requirement and shoved SpaceX into major indices only 5 days after listing. Normally takes 90 days. Passive money and retirement accounts now locked in buying the top. Index advisors openly targeted 401k plans to cash out insane private valuations. This sets off every other mega VC firm …