[aeternum]

Looks like it's gonna be closer to 2 trilly

[3eb7988a1663]

What is a realistic scenario for how this plays out? After index funds mechanically buy SpaceX, the insider lock out expires and they all sell - how low does SpaceX go? Will reality hit and a $2T valuation instantly drops to a more "reasonable" value for an unprofitable company? Will it stay in the clouds?

Tesla seems in a world of hurt unless robots start making space centers from moon rocks, yet that is also defying gravity.

[maerF0x0]

Why are index funds going to buy it? Market cap is not the only inclusion metric for S&P500, for example.

[zippothrowaway]

They just changed the rules for NASDAQ and they are changing the rules for S&P500.

The game is rigged. Our pensions and 401Ks are being forced to buy this slop. They can't resist taking all of the money off the table.

[maerF0x0]

Please source this, people need to read it and know what's happening

Edit: here's one https://www.reddit.com/r/Bogleheads/comments/1t2msfk/wsj_sto...

[Huppie]

I remember a recent episode of the Rational Reminder podcast about this, it's not as bad as it may look...

https://youtu.be/QaQHdF2DeRY

[dzhiurgis]

Rocketlab market cap is ~$70b (ATH right now tho). Not hard to imagine SpaceX being worth 30x.

[abirch]

When do we call AI bubble? Like 2 trillion value and losing billions.

[aeternum]

No need to worry because bubbles can't exist in space

[Zigurd]

This time it is different. All the best commencement speeches say so.