Raping and pillaging no longer seems like a metaphor, but literally what’s being done.
2 Likes
One side effect of Musk becoming a trillionaire (I had to add this word to my computer’s spellchecker dictionary–it didn’t exist before) is that other billionaires will feel left out of the club and do whatever it takes to become trillionaires themselves.
…but only mainland USA, not Alaska, Hawaii, and the other territories?
These ridiculously overvalued IPOs (SpaceX, Antropic, OpenAI) have a very high potential of causing a market crash. Months ago I told the guy who manages my market positions not to invest in any AI stocks, and now I need to update that to include anything related to SpaceX.
Tesla and SpaceX had a combined revenue of $120B last year, with a net $1B loss, yet together they’re valued at $3.5 trillion. That’s a massive financial house of cards and is completely unsustainable. We’re setting ourselves up for another scenario that will make 2008 look like a minor speed bump.
Total Stock Market Indices (e.g., CRSP, Russell 3000)
Inclusion Timing: ~5 trading days post-IPO
Examples: Vanguard Total Stock Market ETF (VTI), iShares Russell 3000 ETF (IWV)
Broad Market/Large-Cap Indices (e.g., Russell 1000)
Inclusion Timing: ~5 trading days post-IPO
Examples: iShares Russell 1000 ETF (IWB), Vanguard Russell 1000 ETF (VONE)
Nasdaq-100 Index
Inclusion Timing: ~15 trading days post-IPO
Examples: Invesco QQQ Trust (QQQ)
MSCI US Indices
Inclusion Timing: ~10 trading days post-IPO
Examples: iShares MSCI USA Min Vol Factor ETF (USMV)
Important Note for Investors:
S&P 500 Exclusion: Standard S&P 500 funds (like VOO, SPY, or IVV) will not add SpaceX for the foreseeable future. The index maintains strict requirements—including a 12-month seasoning period and demonstrated profitability—which SpaceX does not currently meet.
https://finance.yahoo.com/markets/stocks/articles/want-avoid-spacex-anthropic-openai-083500114.html
1 Like
Be sure to check what market indexes SpaceX might participate in, because they will tank index funds too.
One of the indexes (I think it was the S&P 500) told SpaceX to turn a profit first and then ask again, but other [sub]indexes, probably not.
Due to index funds, a lot of people are exposed to SpaceX and don’t realize it.
This is the UFC press conference at the Lincoln Memorial. Totally disgusting they’d debase our country like this, especially on hallowed ground. They even used a military honor guard and band. Makes me want to puke. 
Holding a violent, profanity-laced fight promotion with Ostarine-loaded meat heads at a national monument built to honor Abraham Lincoln…
And a federal judge using vaporous grounds to strike down the legal challenge to such a blatantly dishonorable circus…
This totally tracks for Orange, his administration, and those who enable them. Nothing to see here.
I’m grateful this regime is ridiculously dumb. Can you imagine them being both evil and brilliant?
1 Like
I’ve often said it’s the only thing we have going for us.
Of course, authoritarian regimes are inherently stupid, but Trump[ism] seems to take it to a whole new level. It’s why the name “Shitler” fits so well – in addition to being stupid he lacks ruthlessness or bloodlust. He has to rely on others for that, but with him being distracted posting on social media all night, he can’t be arsed to even coordinate his minions. And he’s made sure that his lickspittles are so aggressively incompetent that they couldn’t coordinate a palace coup if they tried.
It’s only the constant stream of self-owns that keep hope alive …