Comment by throwaway2037
5 days ago
> Assume SpaceX IPOs at a $1.75 trillion valuation.
Clickbait or ragebait? I'm not really sure which one is appropriate here. Or maybe both?
Like Aramco before their IPO with wild post-IPO valuation claims, I am sure that SpaceX will IPO with a market cap far below this estimate.
Also, will the NASDAQ 100 index really fall apart if they make exception for the richest IPO valuation in US history? No. There, I said it out loud. We also survived the Alibaba IPO, and their financial structure is infinitely more shady/unreliable! Ditto for OpenAI and NASDAQ 100, which will follow shortly after.
The "problem" of a single org deciding the composition of stock indices has been argued ad nauseam for the last two decades in financial media. A lot of sweat (and pearl clutching) for little gain/clarity!
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