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by dragontamer
4 hours ago
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With $1 Trillion or so in assets between VTI and VTSAX, that 0.1% is a guaranteed purchase order of $1 Billion in SpaceX stock purchases. A sizable minority of the current float. This is important because Anthropic and OpenAI (and likely future companies) are planning to continue to take this money from VTI / VTSAX fund holders. I'm under no assumption that SpaceX is unique here. This is now "the new normal" moving forward, unless a new law is introduced (or the rules otherwise change). |
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