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by nothercastle
29 days ago
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It’s bad but not as bad as it seems. To get these insane valuations companies are selling very low float. A lot of indexes won’t list them at under 10% float and even if they do only at a float multiplier so spacesx as a 100b component (2 billion x 5% float)
See this podcast for a better explanation https://podcasts.apple.com/us/podcast/the-rational-reminder-... |
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