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GreatGazoo

(4,760 posts)

12. RawStory embeds the X post from Waqas which says:

Reply to OGBuzz (Reply #8)

Mon Jun 1, 2026, 12:12 PM

Monday

"This {waiver of profitability requirement} forces over $30 trillion in passive 401K and retirement money to buy SpaceX at IPO valuations."

"feels like a giant scam" - Yes. It is a ponzi scheme where unprofitable Musk companies get rebundled inside of new unprofitable Musk companies and IPO'd all over again.

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

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

with thiel seemingly out rampartd Monday #2

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

"The Magnificent 7" stocks is an out-of-date concept muriel_volestrangler Monday #11

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

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

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

That fund looks good, VTSAX GreatGazoo Monday #13

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

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

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

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

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