I’m glad there are so many posts on Reddit talking about how SpaceX is going to be an absolute rug pull on the backs of retail traders.
For anyone who is all in on it, I wish you all the best.
Reducing the minimum requirement from $500k to $2k is a clear sign to me that retail traders are going to be left holding the bag.
I remember when I missed out on Chipotle because I had to have a $2m account with Merrill lynch to invest pre-IPO. This is the opposite. Open it up to everyone so that institutional players (and Elon) can sell $ amounts beyond our comprehension.
I’ve got a wife and kids but I’ll be holding a short position for as much as I can stomach as soon as they open up options as long as it hasn’t dropped by 50% by then.