Comment by iSnow

>Also, does Nasdaq think it's worth killing the reputation of their index for the spacex listing?

If I had to guess, they are banking on the meme-factor. Tesla is already seriously overvalued IMO b/c it's the first real meme-stock. Now, they are learning lessons from the FTX-invented low-float meme-tokens in crypto and replicate the model in stocks. The story around SpaceX with it's valid successes makes for a very good meme-stock.

So, they hope that people actually want SpaceX exposure no matter what and do not understand how cancerous those low-flow/high-FDIV launches are.