May. 21 at 11:46 PM
Remember when
$TSLA got added to the S&P 500? It ran from
$83 to over
$400 on pure hype. Every index fund in America was forced to buy at the top, stuffing 401(k)s and retirement accounts with shares at peak price. Within weeks it was trading below its entry price. Within months, down 30%. Insiders and early money had already sold into the frenzy.
Now
$SPCX is going public at
$1.75T. Private investors got in at
$800B or less. Musk keeps 85% voting control. The company is priced at 110x revenue. And 30% of shares are being set aside for retail through Robinhood and Fidelity.
Wall Street isn't opening the door for the common man. It's handing him the bag.
