But then Charlie, who buys Alice's shares pays. Someone holds the bag (makes the loss) eventually.

The money being made from SpaceX is money that Musk, or whoever, engineered to be lost from every pension fund that invests in Nasdaq-100; and the Nasdaq appear to have been entirely complicit, changing the rules to make it happen.

I mean Trump stole in the traditional way, using insider dealing, and going to war to manipulate markets. I guess Musk had to one-up him by getting an index itself to forcibly extract money from investors to give to him.

Not sure what his play is at this point, he can't be shorting his own stock, can he?

Well I assume Musk will just say big things publicly and manipulate the stock back to all time high and above, like he did/does with Tesla.