Post #2748140
2026-05-21 23:26 UTC
I do not know if that can work because only a few percent of the company will be for sale
I think a 30% chunk will be available for non-institutional investors, which as far as these things go is supposed to be humongous and also an indication that they are very much counting on stupid money to prop their valuation.
Replies (1)
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@CinnasVerses@awful.systems 2026-05-21 23:38
I think that is 30% of 3% of the market cap for retail investors. There are many ordinary people who keep the price of Tesla shares high because they have faith in the CEO, but an index fund spending 0.2% of its money on something then losing it is just an ordinary day (one S&P 500 fund I checked has 4% of its money in M$ which has about twice the market cap as SpaceX wants to have, I assume that at least ten times as many shares of M$ are available to trade on the stock market).