I feel like your analysis is correct and it’s overvalued but employees and insiders have already been selling shares (eg on platforms like Forge) for around the $130-135 IPO price. So there are buyers, question is if there is enough to consume the liquidity of a $75B IPO.

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sroussey 5 hours ago | parent [-]

I think there will be plenty of demand. Most of which is not bothered by price at all.

When the indexes get in -- watch out!

They will have to buy so much SpaceX, that it will force them to sell everything else.

	▲	riffraff 4 hours ago \| parent [-]
		They won't, SpaceX will weigh less then 1% in most indexes, since they're mostly float adjusted, only NASDAQ will overweight them, but FTSE/MSCI/CRSP/SP will not. It's still quite some money but it won't crush the market by itself.