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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 lotsofpulp on Thursday June 04, 2026 @11:45PM (#48407683)
All valuations are “made up” numbers.
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Re:SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P by tasuki on Thursday June 04, 2026 @11:55PM (#48407742)
Some are more made up than others though!
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Re:SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P by Retric on Friday June 05, 2026 @01:00AM (#48408177)
Price discovery isn’t “making up” a number it’s discovering a number that meets a specific criteria.

Critically it’s not simply averaging a bunch of made up numbers. I may think gold is worth 1,000$/kg but if nobody is willing to sell me gold at that price then my “made up” number has zero effect on the market price.

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