C R
Legendary Member
Thought so.
Twitter under Musk....
- Thread starter Fab Foodie
- Start date
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Thought so.
C R
Legendary Member
Mostly is doing a lot of lifting in that sentence.
briantrumpet
Timewaster
stowie
Well-Known Member
For those interested in an analysis of the SpaceX IPO prospectus, Patrick Boyle has an excellent video
Some of the more eyebrow raising parts of this - aside from the use of terminology seemingly extracted from the Sci-Fi series The Expanse - is that Musk's share will have x10 the voting rights of the shares being issued in the IPO. He will never need to worry about oversight from external investors or pesky shareholders involving themselves in board member selection. But much, much worse for us chumps with pensions and market tracking investments is that he has "persuaded" the NASDAQ to jettison their usual rules on company inclusion and they will fast track SpaceX straight into the NASDAQ100. Which means all those funds will pretty much automatically buy into the stock without any time to allow share price to find its natural level.
It feels to me like 2008 all over again. Wealthy owners of hyped companies exerting regulatory capture over the institutions who are tasked with oversight. No prizes for guessing who will pay for any fall-out.
Some of the more eyebrow raising parts of this - aside from the use of terminology seemingly extracted from the Sci-Fi series The Expanse - is that Musk's share will have x10 the voting rights of the shares being issued in the IPO. He will never need to worry about oversight from external investors or pesky shareholders involving themselves in board member selection. But much, much worse for us chumps with pensions and market tracking investments is that he has "persuaded" the NASDAQ to jettison their usual rules on company inclusion and they will fast track SpaceX straight into the NASDAQ100. Which means all those funds will pretty much automatically buy into the stock without any time to allow share price to find its natural level.
It feels to me like 2008 all over again. Wealthy owners of hyped companies exerting regulatory capture over the institutions who are tasked with oversight. No prizes for guessing who will pay for any fall-out.
Pblakeney
Squire
There is a bubble burst incoming.
Problem is predicting when it will happen. I suspect post US midterms.
