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Thanks for pointing this out! It seems obvious in retrospect, but the fact that SpaceX will be "valued" at $1.75 trillion after the IPO is irrelevant when only
by zugi 4mo ago
Thanks for pointing this out!
It seems obvious in retrospect, but the fact that SpaceX will be "valued" at $1.75 trillion after the IPO is irrelevant when only $75 billion worth of its stock will be publicly traded.
$75 billion in float-adjusted market cap puts it around 180-190th in the S&P 500. So sure, it will likely get in there eventually, but there's no rush to bend the rules to get it in right away.
- tananaev 4mo agoWait until you hear about float multiple Nasdaq is doing.
- renegade-otter 4mo agoSpoiler alert - it's 5X for this.