SpaceX has held talks with Saudi fund for $5B investment in IPO

Once the shares go into a donor advised fund. The irs is left holding the bag.

It’s been a topic several times in the last month here. Basically Elon pushed Nasdaq to change the rules specially for the SpaceX IPO and it means the public, through passive investments, will automatically buy shares at a high price rather than waiting a year for the price to settle, as it would need to today.

See this for more details:

https://x.com/michaeljburry/status/2032483200404992209

It's cute how some people think that a market, especially a securities market, adds to immunity against corruption, and corruption-adjacent fuckery.

These are the same people who think the cybertruck of space is worth $2 trillion, while the rocket built by those bumbling space bureaucrats at NASA is actually going places.