Reply to How distortionary will the SpaceX IPO be?

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[quote=Anonymous][quote=Anonymous]So looks like this 2 trillion behemoth is about to hit like Godzilla rather than the Michelin marshmallow man. The IPO is structured weirdly enough that most 401Ks and pension funds will have considerable exposure and pre-IPO investors can cash in right away. So they make bank and we get caught holding the bag. And apparently the rules are such that Musk gets unfettered control and shareholders have no say over SpaceX. I guess Musk's 200M for the Trump campaign worked out after all. As retail investors (most of DCUM), we can't exactly diversify out of our Vxyz funds. Brace yourself!![/quote]

This so reminds me of 1999 when there were a ton of IPOs at lofty valuations. Anthropic also going public at an insane valuation. So many other similarities to 1999 in this market and the near risk-free 30-yr and 10-yr treasury yields just passed 5% and 4.5% respectively. Be careful. This tech bull market can't last forever and there will be a lot of retail bag holders when the dust settles. I would be taking some off the table and locking in those gains but that's just me.[/quote]

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