The SpaceX IPO is making the main indexes look like bloated zombie corpses.
They folded all of Elons private failing companies inter SpaceX, now they’re changing the rules to include SpaceX in the major indexes, and they’re valuing it sr $1.5T on like 16B of revenue.
If that happens the US stock market will have been fully enshittified.
Yeah this reflects my current dilemma of putting money into index funds and simultaneously not liking some of the companies in the funds.
The SpaceX IPO is making the main indexes look like bloated zombie corpses.
They folded all of Elons private failing companies inter SpaceX, now they’re changing the rules to include SpaceX in the major indexes, and they’re valuing it sr $1.5T on like 16B of revenue.
If that happens the US stock market will have been fully enshittified.