Blackrock doesn't want SpaceX stock for itself. It will -- as a favor to Elon -- warehouse this garbage until it can be foisted off on index funds (just as @blindsquirrel.bsky.social foresaw).
Will Blackrock succeed in unloading it at a profit? TBD
www.wsj.com/business/spa...
It's an established fact, but so many people remain blind to it. There is no Social Security "trust fund" except to the extent it's one part of gov't borrowing from the other, and the borrowed money has been spent. We're headed to a bad place soon.
www.wsj.com/opinion/the-...
Other large asset managers have made similarly eye-popping requests, along with fervent interest from individual investors.
www.wsj.com
We’re warned of a ‘crisis’ when the money runs out in a few years. But the reserve is only a fiction.
there was more of a visible law enforcement response to supposed social media incitements to violence against Teslas a year ago than there has been to Elon Musk's blatant incitement of racist violence today
Let's just be completely crooked about the SpaceX IPO, right out in the open.
