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US Politics 21w
SpaceX has the same market cap as 94 major aerospace companies combined, despite losing billions Tesla has a bigger market cap than the next 15 largest automakers combined, despite being only 2.5% of auto sales It’s a cult. It’s market manipulation.
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Anonymous 21w

it might be a cult but i wouldn’t call it market manipulation lol

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Anonymous replying to -> #1 21w

It’s almost certainly a rug-pull tbh

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Anonymous replying to -> #1 21w

It is market manipulation when u float 4% of the shares, assign 40% of that to retail traders, get the nasdaq to change its rules so it has to add it into indices before major insider stock lockups end, and then use that ridiculous valuation to acquire companies for free basically.

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Anonymous replying to -> #1 21w

At the same time though everyone knows and is aware of this which actually justifies the valuation in a creating in a sense a financial ouroboros

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Anonymous replying to -> #2 21w

2 weeks ago i would’ve thought maybe so. the markets are reacting so insanely to this that i don’t think so. and “rug pulling” the entire market benefits no one if it leads to collapse. they are getting the buy in needed to ensure they are too big to fail. if SPCX implodes, it won’t be bc people tried to take profit

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Anonymous replying to -> #1 21w

This is incorrect. It’s not meant to be a rug pull per se but it is meant to massively over value the stock to give SPCX capital to acquire actual companies (eg Cursor)

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