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📺 We Uncovered a Hidden Wealth Transfer in the SpaceX IPO. You're Holding the Bag. [More Perfect Union, 12 min.] (www.youtube.com)

submitted 1 day ago by davel@lemmy.ml to c/usa@lemmy.ml

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Elon Musk wants a SpaceX IPO valuing the company at upwards of $1.75 trillion.

To get there, he got the rules changed so that index funds, with millions of Americans' retirement savings, are forced to buy in.

Retirees could take huge losses, while insiders cash out.

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