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Many Happy Returns — Space Oddity: Is the Biggest IPO in History a Problem for Index Funds?
Buzzing ratingBUZZING· 80%40m·2026-05-27·Money

Space Oddity: Is the Biggest IPO in History a Problem for Index Funds?

Many Happy Returns · 220

The largest IPO in history is three weeks away. SpaceX is aiming for a valuation of almost $2 trillion despite reporting massive losses. We ask what happens when our beloved index funds are forced to buy the AI giants, whatever the price? And in the Dumb Question of the Week: Why does an IPO need 23 banks? --- Get in…

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