SpaceX has held talks with Saudi fund for $5B investment in IPO(www.reuters.com)
10 pointsby geox10 hours ago1 comment
  • SilverElfin10 hours ago
    More people who will get upside while the public become unwilling bag holders
    • elmerfud9 hours ago
      Maybe you can explain how the public is holding the bag in this instance. Those who take an initial investment risk seems like it's appropriate that they would reap greater rewards. A SpaceX IPO seems like it would benefit anyone who chose to invest in it.

      So I'm not sure who would be left holding the bag here.

      • naveen999 hours ago
        Once the shares go into a donor advised fund. The irs is left holding the bag.
      • SilverElfin8 hours ago
        It’s been a topic several times in the last month here. Basically Elon pushed Nasdaq to change the rules specially for the SpaceX IPO and it means the public, through passive investments, will automatically buy shares at a high price rather than waiting a year for the price to settle, as it would need to today.

        See this for more details:

        https://x.com/michaeljburry/status/2032483200404992209