For SpaceX (and possible the others like OpenAI and Anthropic), stock market rules were changed recently.
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For SpaceX (and possible the others like OpenAI and Anthropic), stock market rules were changed recently. Since they changed the rules to force over $30 trillion in passive 401k and retirement fund money to buy SpaceX, OpenAI, and Anthropicat IPO valuations giving exit to big VCs and others. At the end of the day people who put or government backed pension fund put small money every month are going to pay for this mess. Such is evilness of these AI companies.
Source https://xcancel.com/Hedgeye/status/2060435253928604065
@nixCraft This is why it pays, if you have the time, to look at investment options in your funds and review what they actually invest in. In Australia the funds needs to declare this every six months (usually March & September). Unfortunately most will include Nvidia etc, but the mix of arms merchants and planet killers does vary.
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TL;DR: Original index rules were built to protect retail & small investors' retirement funds from being scammed out of their life savings. But AI company bosses has used their deep connections with U.S. government to change these rules, giving them an unfair advantage & an immediate exit for VCs out of AI or LLM companies at a premium price. AI is not profitable at all. This is a big scam & 100% is going to crash everything so hard while AI company bosses become the first trillionaires
@nixCraft
"the only winning move is not to play"
WarGames (1984) -
For SpaceX (and possible the others like OpenAI and Anthropic), stock market rules were changed recently. Since they changed the rules to force over $30 trillion in passive 401k and retirement fund money to buy SpaceX, OpenAI, and Anthropicat IPO valuations giving exit to big VCs and others. At the end of the day people who put or government backed pension fund put small money every month are going to pay for this mess. Such is evilness of these AI companies.
Source https://xcancel.com/Hedgeye/status/2060435253928604065
@nixCraft Talk to your investment advisor NOW about how to reduce your exposure to the shit that's about to hit your retirement savings.
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@nixCraft " while AI company bosses become the first trillionaires ":shortly before becoming the first trillionaires to lose their heads (said heads ending on spikes)
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There's this little Danish pension fund that may inspire them not to give you a funny look.
»Morningstar says #SpaceX is 'significantly overvalued'«
Morningstar says SpaceX is 'significantly overvalued'
Yahoo Finance Senior Autos Reporter Pras Subramanian joins Josh Lipton on Market Domination to discuss SpaceX's (SPAX.PVT) valuation after a Morningstar report deemed the company "significantly overvalued," estimating its fair value at $780 billion—roughly half its reported IPO target valuation—and what that could mean for investors ahead of a potential public offering.
Yahoo Finance (finance.yahoo.com)
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R relay@relay.infosec.exchange shared this topic
