Let's say you're hungry for a sandwich (opens in new tab)

> First, they will be automatically added to the NASDAQ 100. And because of that, every single person with a retirement account, or student savings account, or mutual fund, will be forced - not asked, not suggested - required by law, to buy SpaceX stock.

Nope, that's not how it works. Flagged.

Just move your funds from mutual funds tracking NASDAQ (if you own any) to a different fund tracking S&P. Inconvenient but not the end of the world. You still have about two weeks to do so; I did this last week. Then in 6+ months when lockups expire and insiders have dumped, you can move money back if you'd like.

Also, SpaceX only sold a tiny portion, and Elon is only a trillionaire based on unrealized value of unsold stock. If it crashes before he sells any, he might go back to being a "normal" centi-billionaire.

> ...that they are going to immediately devalue as soon as they can. It's a classic pump and dump con. And you're the mark.

He's actually doing the opposite, there's a long lock-in period.

Yeah no. Not really.

That is what was tried. The S&P 500 didn't play along.

A comparatively small number of index funds & retirement accounts that use them will get caught. The majority won't.