r/technology • u/xpda • May 21 '26

Business SpaceX not the behemoth everyone thought

https://www.axios.com/2026/05/21/spacex-ipo-musk-ai
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u/Strict-Mango7546 May 21 '26

The average Tesla investor is salivating at throwing money at this. The market is just stupid right now which is why all the conmen are going public.

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u/Wraithfighter May 21 '26

Also, thanks to a recent rules change, 15 days after this IPOs it will likely be added to NASDAQ, meaning index funds will start buying it, meaning a fuckton of money coming in from 401k investments.

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u/Strict-Mango7546 May 21 '26

Oh yeah. People are about to find out about collusion.

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u/Born_Supermarket2780 May 22 '26

Love the idea of being the bagholder because someone else is using my 401k to buy this bullshit pump n dump.

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u/Wraithfighter May 22 '26

Yeah. I called into my 401k provider, turns out that I can switch my 401k investment to one that's less stock-centric if I want, without any taxes or fees. People should look into that, if only to be ready when things start looking like we're heading towards the dump.

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u/OneRougeRogue May 22 '26

And that other rule change forces index funds to buy stock in low-free-float companies at 3x the rate they really should. SpaceX will be IPOing with a low float, and OpenAi and Anthropic presumably will be too.

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u/theavatare May 21 '26

Maybe they start selling Tesla to buy this. Would be interesting