To be profitable in trading, you first fight the non-believers, then the believers.
The non-believers make you doubt conviction.
The believers make you overstay it.
SpaceX is valued at $1.75 trillion and why I'm BULLISH on $SPCX BECAUSE YOUR 401k IS THE EXIT LIQUIDITY.
Passive investing was sold as boring and safe. The mechanics are now being used to funnel retirement money into unprofitable mega-caps before the market has any time to price them.
The SpaceX IPO isn't what it looks like.
After absorbing xAI in an all-stock merger, SpaceX is now carrying a $250B AI segment that burned $1B/month and dragged the combined company to a $5B net loss on $18.5B revenue. You're not buying a rocket company. AI stocks have been carrying the whole index, and SpaceX forces even more of that concentration (see pic).
To get it into the index fast, NASDAQ rewrote its rules in March 2026, effective May 1st. The 3-month seasoning period is now 15 trading days. The 10% minimum float requirement is gone. And for companies with under 20% float, NASDAQ will weight it as 3x larger than it actually is, so a 5% float counts as 15%.
That phantom multiplier means every passive ETF and index fund is LEGALLY FORCED to buy in almost immediately, with no real price discovery.
SpaceX is also targeting 30% retail allocation, versus the usual 5-10%, explicitly citing Elon's fanbase as the buyer base for that supply.
The $1.75T valuation gets manufactured demand on day one. Insiders get their exit. And if it works, OpenAI and Anthropic run the same play straight after.