Let's say you're hungry for a sandwich

ebiederm

Yeah no. Not really. That is what was tried. The S&P 500 didn't play along. A comparatively small number of index funds & retirement accounts that use them will get caught. The majority won't.

TurdF3rguson

> ...that they are going to immediately devalue as soon as they can. It's a classic pump and dump con. And you're the mark. He's actually doing the opposite, there's a long lock-in period.

skybrian

> First, they will be automatically added to the NASDAQ 100. And because of that, every single person with a retirement account, or student savings account, or mutual fund, will be forced - not asked, not suggested - required by law, to buy SpaceX stock. Nope, that's not how it works. Flagged.

blevinstein

Just move your funds from mutual funds tracking NASDAQ (if you own any) to a different fund tracking S&P. Inconvenient but not the end of the world. You still have about two weeks to do so; I did this last week. Then in 6+ months when lockups expire and insiders have dumped, you can move money back if you'd like. Also, SpaceX only sold a tiny portion, and Elon is only a trillionaire based on unrealized value of unsold stock. If it crashes before he sells any, he might go back to being a "normal" centi-billionaire.

profsummergig

"every single person with a retirement account, or student savings account, or mutual fund, will be forced - not asked, not suggested - required by law, to buy SpaceX stock." Anyone know what she means here? Does she mean this happens to those who will buy index funds? If so, nobody's being forced to buy an index fund. It's a choice made by the retirement account company.

comment0r

So I can buy SpaceX stock before June 30th and sell it on July 2nd and will 100% have a higher price? Yeah, nice wet dream. If it would work this way, everyone should bet their life savings on it.