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.
Huh, TIL, thank you.
Seems like MSCI can add new large constituents very quickly as well [1], so to remain neutral to the frenzy until a price has been discovered, one might need to actively short.
[1] e.g. https://www.msci.com/eqb/methodology/meth_docs/MSCI_GIMIMeth...