What I’ve seen indicates SpaceX will become something like 0.1% of S&P and 0.5% of Nasdaq. If a retirement fund is one of those indexes, and they get ‘forced’ to buy at 2x SpaceX’s eventual value, then that’s a loss of 0.05-0.2%. $50-200 on $100,000 principal.

Most normal people won’t notice that among the usual stock market noise. Over a hundred million account, though, it’s a huge amount of money getting funneled into the thousands accounts able to front-run the index inclusion, which means, in turn, a huge amount of money getting funneled into the dozens of VCs who got into SpaceX pre-IPO.

It’s like the scam from Office Space where they collect the rounding errors on interest.

According to the IPO docs, something like 90% of SpaceX’s future earnings are from its AI business, which it projects to have trillions of annual revenue. It’s a mystery to me why so many apparently serious investors are treating it like anything other than a scam.

Not who you replied ti, but I’ve been on purelymail for about a year and a half. No complaints. $10.yr is great, and their billing statements claim I could be around $3/year if I switched to their advanced billing. I have nagging concern that they’re hosted on AWS, and if your goal is to completely free yourself of US tech giants, then purelymail won’t.

I feel like Tupperware, Amway, and Mary Kay were the Ubers of 1980.