An investor group (SOC Investment Group) that advises pension funds said this: "We are specifically concerned that SpaceX's IPO will expose numerous investors – many unwillingly – to a company whose value may decline once its financial disclosures can be independently assessed and verified".
This indicates that institutions are now paying attention to the SpaceX IPO, and will likely take steps to protect their funds and their customers' funds from become SpaceX exit liquidity.
Pension funds are (rightly) beginning to scrutinise the SpaceX IPO. They will likely take action to shield their funds from automatically buying SpaceX shares. Elon Musk's plan to turn passive investment funds into his bagholders is probably not going to work.
byu/cherrypoplar ininvesting
Posted by cherrypoplar
2 Comments
they can feel free to sell their shares of QQQ and SPY
This reminds me of the omg Tesla is going to fuck the index up if it gets into the S&P 500. And asset managers were all panicking that they would have to buy it and if they don’t they will underperform.
Anyways, at the end of the day indices will add it.