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Musk will go down as the greatest engineer of our time, but as a financial engineer. He convinced the SEC and Trump and NASDAQ to include him in the 100, which no IPO has ever been included before, meaning trillions of dollars of funds are mandated to put whatever percentage of a weighted index that SpaceX represents, that amount of their capital into SpaceX shares. No company right out of the gates has enjoyed that incremental demand.

The Prof G Pod
4w ago

Underscored — save the words that stop you in your tracks.

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