MissConstrueMay 23

Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.

Nasdaq rewrote its #index inclusion rules to accommodate #SpaceX’s mega-IPO, implementing a "Fast Entry" provision that allows the company to join the Nasdaq-100 index just 15 trading days after its initial public offering, down from the standard three-month seasoning period.

They also eliminated the minimum float requirement of 20% available public shares and instead stocks with less than 20% of shares publicly traded, Nasdaq applies a 3x multiplier to the free-float for index weighting purposes, artificially inflating low-float giants like SpaceX in passive funds.

Ok, but in English? #SpaceX, #OpenAI and #Anthropic have just figured out a scam to force every passive #IRA, #401k, and index fund to buy their stock before pricing evaluation.

They’ve figured out how to steal your #retirement.

#AI #LLM #Scam #guillotines #YouWillOwnNothing

https://www.businessinsider.com/spacex-ipo-s1-spcx-stock-nasdaq-qqq-elon-musk-2026-5

What the SpaceX IPO means for markets

SpaceX's IPO filing has arrived. Elon Musk's rocket company is set to reshape the market when it goes public, with impacts at the index level and beyond.

Business Insider
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@MissConstrue if we had a functioning regulatory system someone would be suing to prevent these bloated IPO's from getting listed.

But there is plenty of time for an economic crisis before this process completes.

And I fervently hope that the AI barons get folded by it at the absolute worst time for them; right before they pass their giant pile of liability on to the indexed masses.

May 23 at 8:23pmWeb
Show threadMissConstrueMay 23
@laprice I’d be willing to stand as plaintiff if a white shoe attorney wants to take the case pro bono. As an index holder, I think I’d have standing.