• Thorry@feddit.org
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    10 hours ago

    Wasn’t the IPO of SpaceX setup to be a rug pull? With them only selling a small part of the shares and current shareholders being able to sell their shares way sooner than normal. They put it up at a ridiculous price, idiots buy it because somehow there’s always large groups of people buying into Musks bullshit. Then before the price drops the current share holders sell that part of their shares. This would make them so much money and would allow Musk to pay off the debt he made with his fuckups in the past.

    Is any of this legal? Doesn’t really matter since the Trump administration has pretty much killed any kind of oversight and consequences for this kind of thing. No wonder we saw Musk hanging out with Trump all of the time.