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OGBuzz

(752 posts)

8. The Raw Story article only stated that there is a total $30 trillion sitting in 401K's, I don't think they

Reply to GreatGazoo (Reply #5)

Mon Jun 1, 2026, 10:20 AM

Yesterday

were suggesting that all of it was going to be invested in SpaceX. The SpaceX valuation target is $1.8 trillion and they aim to raise $75 billion through the IPO.
A company which lost $4.9 billion in 2025 and which has never turned a profit.
Maybe I'm naive but it sure feels like a giant scam.

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Highlight:

SpaceX going public...this should be mandatory reading for everyone with a 401K. [View all] OGBuzz Yesterday OP

My answer is YES...................... Lovie777 Yesterday #1

with thiel seemingly out rampartd Yesterday #2

That's a good take. It will make the MAG 8 bucolic_frolic Yesterday #3

"The Magnificent 7" stocks is an out-of-date concept muriel_volestrangler Yesterday #11

Not sure there is really much I can do... Happy Hoosier Yesterday #4

My impression is that managed funds and ETFs will be in a good position GreatGazoo Yesterday #7

May have to rebalance my 401K Happy Hoosier Yesterday #10

That fund looks good, VTSAX GreatGazoo Yesterday #13

Forced rebalancing will happen in the QQQ before the Russel or S&P GreatGazoo Yesterday #5

The Raw Story article only stated that there is a total $30 trillion sitting in 401K's, I don't think they OGBuzz Yesterday #8

RawStory embeds the X post from Waqas which says: GreatGazoo Yesterday #12

See the thread I posted about this a week ago: highplainsdem Yesterday #6

Thanks for re-posting, I missed it on the 25th. OGBuzz Yesterday #9