Not an expert but with a company this size it seems it would be automatically become part of index funds which in turn would make all of us, through pensions, IRAs etc both financially vulnerable and complicit whether we wanted to or not. Not seeing any reporting about this though.
But taking SpaceX public achieves another goal: he is using the IPO to convert a parallel power structure, assembled through dark money, government capture, and algorithmic radicalization, into permanent, legally protected, index-fund-embedded infrastructure that no future government can dismantle without triggering a market catastrophe and national security crisis.
Post IPO , SpaceX will instantly become one of the most valuable public companies in the U.S. and likely to be included quickly in the Nasdaq‑100 and the S&P 500. Once admitted, trillions of dollars of index‑tracking assets and related benchmarks will have to buy it.
The resulting index exposure will be a shield: Any aggressive anti-trust structural remedy would trigger sharp moves in a stock held by countless index fund and major asset managers and would hurt millions of ordinary people’s retirement savings.
Sure but, is “toxic” a projection? Seems he’s charismatic! Snake!? Sure-ish… nobody else is shaking the industry; they can’t dismantle it: that’s our job while it is of balance…
Sheesh, blame a billionaire for all your problems; and forfeit your power to solve them…😕
Makes one think the world is not run by politicians, but by the largest banks and oligarchs. One big world of customers getting bilked by the wealthiest people, driving the 95% of non-millionaires into perpetual poverty and serfdom.
Not an expert but with a company this size it seems it would be automatically become part of index funds which in turn would make all of us, through pensions, IRAs etc both financially vulnerable and complicit whether we wanted to or not. Not seeing any reporting about this though.
Absolutely right, Peter! From the report:
But taking SpaceX public achieves another goal: he is using the IPO to convert a parallel power structure, assembled through dark money, government capture, and algorithmic radicalization, into permanent, legally protected, index-fund-embedded infrastructure that no future government can dismantle without triggering a market catastrophe and national security crisis.
Post IPO , SpaceX will instantly become one of the most valuable public companies in the U.S. and likely to be included quickly in the Nasdaq‑100 and the S&P 500. Once admitted, trillions of dollars of index‑tracking assets and related benchmarks will have to buy it.
The resulting index exposure will be a shield: Any aggressive anti-trust structural remedy would trigger sharp moves in a stock held by countless index fund and major asset managers and would hurt millions of ordinary people’s retirement savings.
Fantastic article, a great read! Wrote on it myself yesterday about how it will be the birth of an industry, would love an opinion or two!
https://substack.com/@inferenceletter/note/p-198020225?r=6gy5ci&utm_medium=ios&utm_source=notes-share-action
This is truly sickening!
Sure but, is “toxic” a projection? Seems he’s charismatic! Snake!? Sure-ish… nobody else is shaking the industry; they can’t dismantle it: that’s our job while it is of balance…
Sheesh, blame a billionaire for all your problems; and forfeit your power to solve them…😕
Makes one think the world is not run by politicians, but by the largest banks and oligarchs. One big world of customers getting bilked by the wealthiest people, driving the 95% of non-millionaires into perpetual poverty and serfdom.
😡🤮 wtf?
Great reporting! Thank you.
What sane human would give money to this POS?
We will see in June. But the hype is already building for the largest IPO in Wall Street history.
It’s not too big to kill for me.
Anti-trust laws are the path. We need some folks to step forward and educate the public. X alone will be an influential force to drive the hype.
Excellent piece. Thank you.