Is the SpaceX IPO being used to artificially boost the S&P 500?

[lightbulb27]

The SEC just changed the rules... which makes this IPO go fast and huge.

S&P500 funds, indexes and of course, most of your investments are going into this company... at a high valuation. It's not like it's a "great deal"... for you.

But the company is questionable at $1.5 trillion valuation... do your own research...

...

Will it boost the s&P because it's pumped up, or bring it down?

My guess is there is one company that will get HUGE $ to build a missile defense shield. And that companies name is __________________. And there's one guy that will get more richer... or maybe two.

[Anonymous]

No, but it shouldn't have that high of a valuation either.

I've been ringing this bell for a couple years. Musk wants to do everything quickly (it's one of the things i love about him). Once space X's rockets started lifting off rather than just blowing up on the launch pad it became a viable company. Musk had wanted to take us to Mars for years. But he learned that you cannot rush something like this. UNLESS you got a lot of cash. This is why the space industry has until recently has always been by nations. They can print endless money. Musk can't! He also can't get us to Mars in his lifetime without a massive infusion of cash.

So admittedly i am torn between my zeal for us to be a space fairing species and knowing what is financially responsible. At some point our species is going to have to take that jump and just get on board. Is Musk the man? Is now the time?🤷‍♂️

[Nik1hil]

Not sure about that But SPACEX will get global Investment and this could save American Economy from a Crash!

[lightbulb27]

Agree!!!