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#GateIPOAccessSpaceX
SpaceX is going public. $135 per share. $75 billion raised. The biggest IPO in history. Bigger than anything that came before. And the market is currently, today, repositioning itself around it in real time.
🔹 The part that changed my mind is this:
Individual investors bought 30% of the offering. Three times the normal amount. It seems generous. But the demand was so huge that most people still got less than they wanted. So what do you do when you want more shares and the allocation is insufficient? You sell what you already own to get cash. Millions of people are doing this at the same time. This is one of the reasons why the shares you hold look the way they do today.
🔹 Then the second wave comes
Nasdaq quietly rewrote its rules earlier this year. Now any company large enough joins the Nasdaq-100 index after just 15 trading days. It used to take months. SpaceX joined in early July. When this happens, every fund tracking this index automatically buys SpaceX stock, regardless of whether the fund manager wants to or not. Estimates suggest this wave of automatic purchases will reach between $22 and $27 billion. To finance these purchases, all other stocks within the index are being slightly reduced. Across trillions of dollars worth of tracked assets. This pressure is already mounting.
🔹 So what are you watching right now?
Retail investors are selling today to catch tomorrow's IPO. Institutions are repositioning ahead of the July wave of index inclusions. Both are happening simultaneously. Both are perfectly logical from their own perspectives. The combined effect is appearing as red numbers on everyone's screens.
I took part in the IPO with Gate. If you want to consider it, you can join by following the steps below and using the link I will provide, and you can access detailed information.
🔹Update your Gate App to version 8.21.5 or above — stock trading requires it.
🔹Complete identity verification.
🔹 Funds committed during subscription are frozen until distribution — ensure you have liquidity outside the locked amount.
🔹 This is an intent subscription, not a guaranteed allocation. Understand the risk before participating.
👉 Subscribe now: https://www.gate.com/ipos/13
👉 More Details: https://www.gate.com/announcements/article/51592