Post #2748142

A Substack in the name of Cape Fear Advisors LLC argued that SpaceX wants to get in people’s retirement accounts then say to Uncle Sam “you had better give us lots of contracts or we will crash and take grandma’s retirement funds with us.” Sucking on the government teat has been one of Elon Musk’s favourite strategies since he got access to a State of California green transport grant. I do not know if that can work because only a few percent of the company will be for sale so they will only be a fraction of a percent of those index funds. They can definitely sell some shares for real dollars, and if they keep the price high they can borrow real dollars against the shares which are not on the market like people borrow against bitcoin. I will not link because it is in that articulate but empty style that does well on Substack. It may be written by or with help from AI.