Understanding the SpaceX IPO MegaCap Squeeze - Automatic Cornering
You can think about it as an automatic 'corner', with retail index funds supplying the capital.
SpaceX will not be very liquid due to a small float, BUT due to index fund rule changes, indexes will be forced to buy, effectively 'cornering' the market and keeping the price artificially high.
This corner continues as insiders dump their shares and indexes are required to buy more of this illiquid stock.
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