this post was submitted on 21 May 2026
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Yes I believe the TAM or value or whatever of a single company is 12% of all wealth in the U.S. That makes sense.
I have to be honest, I don't know how any investor read their S1 and still wants to put money in this thing.
I mean, I know Carlin said it's a big club and you're not in it, but fuck. They're all in on it.
the whole point of IPO's is bagging algo/unsophisticated retail traders/institutional $ that has to trade a certain way.
spaceX will be IPO'ing into the SP500 right from the start, given an exception to a long held rule againat stuff IPO'ing there which was made specifically to prevent this type of thing.
all the various ETF's and funds that track the sp500 have to buy in, everytime a ticker gets inckuded into the sp500 the price is ran up beforehand specifically to bag those people, an IPO will 100x worse...but insiders/early buyers will make a killing