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So it's a purchase agreement (ie a forward/future.) It's not that weird, people trade equity futures all the time. Not that I'm defending them, doing that with

So it's a purchase agreement (ie a forward/future.) It's not that weird, people trade equity futures all the time. Not that I'm defending them, doing that with a company that hasn't IPO'd yet is kind of insane although maybe they're hedging with DXYZ or some kind of private equity.

NoahZuniga 1y ago
Yes but potentially naked. Most likely they are selling the risk to institutional investors. See also: https://www.bloomberg.com/opinion/newsletters/2025-06-26/anyone-can-sell-you-spacex-stock https://www.bloomberg.com/opinion/newsletters/2025-06-26/any...