🚨THE SPACEX EUPHORIA IS GETTING OUT OF CONTROL SpaceX is joining the Nasdaq-100 today, less than a month after its IPO. That means hundreds of ETFs and index funds now have to buy the stock automatically. Over $800 BILLION tracks the Nasdaq-100. JPMorgan estimates the index inclusion alone could bring around $4.3 BILLION of passive inflows into SpaceX shares. Nasdaq even changed its rules recently to allow mega IPOs like SpaceX to enter the index much faster. Before this, companies usually had to wait at least 3 months. SpaceX got added within weeks. At the same time, Wall Street banks are launching extremely bullish coverage: • Morgan Stanley called it “AI’s final frontier” • Goldman Sachs said several SpaceX businesses could become trillion-dollar markets • Analysts are projecting thousands of Starship launches every year by 2030 And all of this is happening while SpaceX is already worth over $2 TRILLION. The biggest risk is that passive money does not care about valuation. Index funds buy because they are required to buy. That is how stocks can become completely disconnected from fundamentals during hype cycles. Even bearish analysts are warning that the valuation depends heavily on: • Starship succeeding at massive scale. • AI ambitions working out. • And near-perfect execution for years. This is exactly how major bubbles usually form: Forced buying. Extreme optimism. Investors chasing momentum at any price. And once that starts to reverse, a massive wealth destruction takes place.(Crypto Rover)