i'm not sure it's quite a pump and dump scheme but it really does reveal something basically broken in the system. Or at least the existence of new scales of company size that break the system and lead to company's being able to game the system like this
Financial institutions are giving SpaceX shares special expedited treatment to burrow onto indexes that millions of index fund holders will then robotically purchase to induce demand. It's an innovative version of a pump-and-dump scheme. Eleanor Davis-Diver reports.
prospect.org/2026/06/10/e...
The upcoming SpaceX IPO will make investing in index funds for retirement worse, while Musk and friends rake in millions.
