I don't get it. He owns some of the companies out right and has no problem securing financing. Who is he screwing over?
> First they only release 5% to 10% to create an artificially inflated price. Its called the low float strategy...
Why would you float more than you reasonably would need. What's the upside of saying "we're worth X" due to a low float? Doesn't really buy you anything. And financiers are not stupid. Much the same way you can't create a shitcoin, sell one share to your buddy and convince a bank to lend you based on the "full" market cap
> the Nasdaq 100 inclusion is supposed to be earned. You list, trade for up to a year at least, prove you are stable and then maybe you might be selected for inclusion
Not really. Nasdaq and all indexes are supposed to serve as an index of largest companies in the country. It's not a prize that you have to "earn". Not including this company would be activism and against their mission.
> But Musk told Nasdaq "fast-track me or I list on NYSE... so the Nasdaq invented a "Fast Entry" rule out of thin air..
Yeah, it's called competition. You have a choice of where to list. This is how a healthy competitive environment works. Again, who is being harmed? Why is there a "Slow Entry"? No justification for bureaucratic hoop jumping.
> Why does this matter? The second SpaceX hits these indexes, every passive fund is forced to buy, your 401k, your Vanguard fund, your target date fund. All buying SpaceX at whatever inflated price it opens at, with zero public track record. Nobody asks you.
You found a cheat code! Create a company that's generating ~15b in revenue, has a >50% profit margin and ~50% revenue annual growth rate. Now you get to list your stock publicly, let the exchanges compete for your listing considering very few public large companies grow anywhere close to that, and force large indexes to buy you because, by this point you created one of the most valuable companies in the world!