Comment by lostlogin
9 hours ago
> >Why does SpaceX warrant a change of existing trading rules? They don't, while timing certainly benefits, and potentially was triggered by them
So the question remains, why do they warrant a rule change?
9 hours ago
> >Why does SpaceX warrant a change of existing trading rules? They don't, while timing certainly benefits, and potentially was triggered by them
So the question remains, why do they warrant a rule change?
The answer remains, these rules do not specifically apply to only SpaceX, they apply to a range of companies that fit specific profiles. Timing happens to favor SpaceX, but will equally favor OpenAI, Anthropic and others within the same qualifiers.
The links above provide specifics as to the what's and the why.
The rules were changed with these 3 specific companies in mind. Stop weaseling about it.
And prior to that Elon did float the idea of IPOing on a non-NYC exchange, some Texas exchange. So a bit of a stick and some honey in the IPO fees and early access.
Because the people who can decide the rule change were bribed.