It’s bad but not as bad as it seems. To get these insane valuations companies are selling very low float. A lot of indexes won’t list them at under 10% float an

It’s bad but not as bad as it seems. To get these insane valuations companies are selling very low float. A lot of indexes won’t list them at under 10% float and even if they do only at a float multiplier so spacesx as a 100b component (2 billion x 5% float) See this podcast for a better explanation https://podcasts.apple.com/us/podcast/the-rational-reminder-podcast/id1426530582?i=1000763228561 https://podcasts.apple.com/us/podcast/the-rational-reminder-...