The issue is raised a lot but there is less and less time and I don't think it will hit mainstream before IPO is done and pension funds/passive investors will be forced to buy it.

It really does look bad: low float multiplier rule (that will overweight SpaceX) introduced very recently, fast inclusion mechanism, insiders being allowed to sell faster than usual etc.

It all looks like an orchestrated dump into passive investors/pension funds/other ETF holders.

Investing in IPOs is a terrible strategy historically. Here we have several mega IPOs incoming with rules being re-designed just for them to be included faster in your "passive" portfolio.