The SpaceX IPO will be the theft of the century

An S-1 full of fantasies, insiders who will pocket millions, index companies that have changed the rules: it's all a recipe for regular people to have their pockets picked.

This is just eds. Same guy here: https://en.wikipedia.org/wiki/TSLAQ

He's got some kind of beef with Elon and has predicted TSLA stock will crash many times.

The point-to-point travel with starship is the one that urks me the most. It is completely unrealistic and will never happen. They have Zürich, Switzerland as a destination. There is no place in all of Zürich to facility such a thing, you will blow out every window in the city at each launch. Absolutely ridiculous that anyone would take this serious.

Also don't get me started on data centers in space idea...

When the Chinese land on the moon sometime in 2030 and the US still doesn't have a way to get there, will Elon finally reap the consequences for his lies or just the interim NASA admin that gave Space X the contract?

I liked Matt Levine's take in his latest podcast. You buy an index because you want to own the market. If you want to own the market in 2026 you want to own SpaceX and Anthropic, and probably OpenAI too.

That said, if you think this is as bad as the article claims you'll obviously buy SpaceX at IPO, then sell it when Index funds are obligated to buy.

How can a public sale ever be a theft?