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...
Other large asset managers have made similarly eye-popping requests, along with fervent interest from individual investors.
