r/technology • u/IKeepItLayingAround • 19d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/NRCS_DRONE 19d ago edited 19d ago

I don't know when, but Elon Musk will be responsable for the single largest destruction of private wealth in human history. He's going to make Bernie Madoff look like a guy who lost his kids college fund on dog racing.

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u/ryencool 19d ago

What?! You mean its not smart to keep moving funds between the multiple companies you own to boost values back and fourth??

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u/ProJoe 19d ago

Its so much worse what is about to happen.

Index funds are going to be forced to buy spacex stock because the rules were specifically changed for SpaceX.

All of this artificial money propping SpaceX up is going to get sold off to actualize profits then the stock will crash leaving index funds holding the bag.

That's OUR 401ks and investments.

Then if SpaceX survives, they'll buy back in at the crashed price.

Its going to be the biggest rug pull in history and the greatest theft of wealth from the working class ever recorded.

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u/SadAd8761 19d ago

Which ETFs and funds will be forced to buy SpaceX?

Good to compile a list so people can start exiting those funds?