SpaceX IPO SPCX Nasdaq-100 fast track
A major development in the SpaceX IPO has flown under the radar. $SPCX launched on June 12 at $161, a 19% gain, pushing its market cap past $2 trillion. Nasdaq quietly changed its rules to fast-track top-40 IPOs into the Nasdaq-100 after just 15 sessions instead of the usual three months. As a result, SPCX is set to join the index in early July. Every tracking fund will be forced to buy shares. Follow the data here:
Transcript (en)
There's a bubble. How do you know? Trust me, call Venet, buy 50 millions in swaps on the MBS. What do we got? Garibaldi for Triple B. Mark, you sure? Yeah, yeah, it's time to call bullshit. Bullshit on what? Every fucking thing.
