SpaceX and OpenAI: The Mega IPO Grift

Some massive companies are set to go public very soon. Private companies like SpaceX, OpenAI, and Anthropic would rank among the largest public companies if they went public, and index funds would be forced to buy their stock. That means if you are an index fund investor, you may soon be investing in these companies whether you like it or not. The problem is that most IPOs are terrible investments, and these ones in particular raise some questions. ------------------ Timestamps: 00:00 - Intro 00:37 - Index Fund Mechanics & IPO Inclusion 02:22 - Fast-Track and Low-Float 06:15 - SpaceX & OpenAI: