ddp26A forecast of the fair market value of SpaceX's businesses
An passive investors are going to get hosed by this thanks to NASDAQ cooking the rules to favor Elon and his band of misfits.
No longer will there be a year of price discovery for index funds, 15 days. Meaning index funds have to buy it at the peak of the hype cycle. Will be a huge wealth transfer from mom and pop retirement accounts to the ultra wealthy.
Now I need a fund that will honor a year of price discovery rather than 15 days. Any recommendations?
Legally, any fund that tracks the NASDAQ 100 must follow the rules set by NASDAQ, so you'd want something that is neither a total market index, nor tracks the NASDAQ. Something like an S&P500 index would work
>that isn't float adjusted?
AFAIK the problem is that they're lobbying the nasdaq 100 index provider to add a 5x multiplier for free float for spacex. Otherwise it would be far less controversial.
