Rule changes for the SpaceX $SPCX IPO:
Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.
This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.
Russell 1000 and Nasdaq 100 funds will absorb 24%.
The rules built to protect passive investors:
1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.
2. Nasdaq cut its inclusion window from 90 trading days to 15.
3. FTSE Russell cut its to 5.
All three benchmarks are now structured to buy SpaceX at IPO pricing.
The first time I saw pictures of Versailles I said they HAD to bring out that guillotine there absolutely no other logical reaction. Their heads had to go, living in such splendour while your citizens rot.
Someone who nobody has ever heard of, declined 8 debates, and took $20 million in donations from Israel “won” a primary from an 8 year constituent.
We’re cooked.
This guy has not even built one primary school to teach coding in Africa (his area of expertise) but he is always trying to get involved in African healthcare and African agriculture (not his areas of expertise). Keep him out of Africa he is up to no good.
Haiti was forced to pay reparations to France for ONE HUNDRED AND TWENTY TWO YEARS for WINNING the Haitian Revolution because France was still able to effectively block Haiti from the international trade necessary to develop the new nation. These dynamics never ended
I understand this is how history has "taught" us, but at some point, we need to ask ourselves as a species... why? Why should we want the next generation to suffer like we did? Do you think the 1% wants their next generation to "be like rest" no? They want them to be better.