The countdown for SpaceX's IPO is seven trading days. TechGod Elon Musk and his investor peers will serve up a minimal number of shares. Jesse wrote:
SpaceX is absurdly overvalued, but the rules that will compel index funds into forced buying have been distorted just for this final gasp of the AI bubble. This is a shocking betrayal of fiduciary and regulatory duty. Not only can they see what is coming, they are acting purposely to make it happen again for their own selfish gains.
Wall Street joined in making numerous special accommodations for the richest man in the world.
Morningstar suggested SPAC-EX's IPO is pro-executive, pro Elon and riddled with conflicts of interest, the new badge of courage in Washington, D.C. and corporate executive suites.
The SpaceX IPO is as tilted as a Chamath Palihapitiya SPAC, so buyers beware!
It should be a picturesque IPO if it makes it off "the pad."
