#Gate股票7x24小时交易 Is the SpaceX IPO essentially a carefully designed, precisely targeted scam by capital to harvest retail investors?

On June 12, 2026, SpaceX officially listed on NASDAQ under the stock code SPCX, raising $75 billion, setting the record for the largest IPO in history worldwide, quickly dominating online headlines, and being packaged by capital as a rare opportunity for ordinary people to get rich.

But behind the glamorous appearance, this highly watched IPO is fundamentally a carefully crafted trap by capital to precisely harvest retail investors.

To lure ordinary investors to rush in, capital laid out layers of pathways and set traps step by step, with clear and ruthless tactics. The first wave of hype involved significantly lowering the entry barriers.

On the eve of the listing, Fidelity Investments directly reduced the SpaceX investment account opening threshold from $500k to $2,000, a decrease of 99.6%. The high threshold was relaxed solely to allow a massive influx of retail investors to easily enter, buy high-priced shares, and lay the groundwork for capital to cash out by taking over the chips at high levels. The second wave of false concessions deliberately loosened the retail allocation ratio.

This IPO specifically reserved 30% of trading shares for retail investors, three times the usual allotment for new stock listings. The extremely high retail ratio created an illusion of “inclusive profit-making,” completely dispelling ordinary investors’ concerns and inducing retail investors to follow suit with heavy positions and buy at high levels.

The most critical ultimate trick is the temporary modification of NASDAQ rules. Previously, new stocks needed to be included in the NASDAQ 100 index for at least three months, but SpaceX was included after only 15 days of listing. Once successfully included, over $200 billion in index funds and pension funds would passively buy in, flooding the market with capital.

This means that top-tier capital, which had already positioned itself in advance, could comfortably sell off its high-level shares and cash out, while the final buyers—index funds and pension funds—are ultimately built on the savings of countless ordinary people.

From lowering thresholds, increasing share allocations, to changing rules, every step of this IPO was a precise layout. What appears to be a nationwide participation opportunity in space industry investment is actually a perfect closed loop for capital to harvest retail investors. Ordinary investors blindly follow, ultimately only becoming stepping stones for capital.