this post was submitted on 25 Jul 2026
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I dunno why yall are celebrating this.
Elon basically gaslighted retail investors, and managers for your retirement funds, into transferring wealth directly to Elon Musk.
Other index funds were forced to buy SpaceX at the IPO price. They literally had no choice, even if they knew they’d lose money. And this includes any overseas ones with exposure to US indices.
This is not something to celebrate. We all just got conned, even if you didn’t buy SpaceX directly.
We requested not to include any of his stock, I hope that's enough :(
It’s still going to be reflected in certain indexes, and market shifts in general, unfortunately.
So, the point is moot anyway.