10 pointsby andsoitis9 hours ago2 comments
  • Zigurd3 hours ago
    This is designed to create involuntary bag holders. The people who stay away from this IPO are betting that, while it may open at the target price, that can't last because there's no path to actual GAAP profitability. They are betting that this is an EBITDA fairytale of satellites with a short lifespan as valuable assets. But putting the company into indices right away holds all the passive investors hostage to this rug pull.
  • noduerme9 hours ago
    Would recommend anyone who sees this to read

    https://news.ycombinator.com/item?id=47392550