Key insights
- The article highlights that the S&P 500 lost $1.8 trillion in value, dwarfing the potential impact of SpaceX's IPO, even if it were to fail. This significant market value destruction suggests a bearish sentiment and potential headwinds for the broader equity market, overshadowing specific company events.
Everyone is going on and on about how the inclusion of SpaceX will destroy Western Civilization and steal candy from our babies. When the stock IPOs, only 4-5% of the stock will go on sale and of that only 30% will be available to retail investors. This calculates out to about $22.5 billion. Even if the company goes out of business the next day, it will pale in comparison to how much was lost today
Just for the S&P 500. 1.8 Trillion worth of value was erased. That doesn't include
Gold Losses
Metal Losses
S&P 400 and 600 - 99 Billion Lost today
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