🚨This week's focus: Space X goes public, and the US stock market is about to begin pressure testing!
$17.8 trillion, which has already surpassed the majority of global listed tech giants.
Many people think that after Space X goes public, the largest buyers will be retail investors;
but Wall Street doesn't think so; the real first batch of buyers is likely to be index funds.
Nasdaq has already modified its rules, allowing Space X to be included in the Nasdaq-100 15 trading days after going public, with only a 5 trading day waiting period for inclusion in FTSE Russell, which means a significant amount of ETFs and index funds will be passively buying in.
The corresponding passive buying from Nasdaq is about $8 billion, which is the most certain incremental capital within the first week of going public.
So now the question arises:
Funds don't generate money out of thin air; where will this $8 billion buying capital for Space X come from? Which weighted stocks will be reduced to withdraw funds?

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