News for hackers. Stuff that matters.

A comment on SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P. Parent comment

Re:SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P by Spooky23 on Thursday June 04, 2026 @11:03PM (#48407449)
Yet, I, a relative peasant financially has been hit by 3 different brokers that I'm eligible to participate in the offering. I would hazard a guess they are not getting the uptake in institutional money they were hoping for.
[ Parent | on HN ]
Re:SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P by throwaway2037 on Friday June 05, 2026 @06:53AM (#48410662) 

    > I would hazard a guess they are not getting the uptake in institutional money they were hoping for.
I would say exactly the opposite. They (really, Elon) want more retail uptake. This follows a similar strategy that Tesla used. Also, retail ownership is much less likely to be disruptive during shareholder meetings (proposals, objections, etc.).
[ Parent | on HN ]