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SpaceX and OpenAI: The Mega IPO Grift

Apr 5, 2026

This video discusses the implications of upcoming mega IPOs from companies like SpaceX and OpenAI for index fund investors. It explains how index funds are forced to buy IPO shares, potentially leading to losses due to historically poor IPO performance and front-running by other investors. The creator also touches on index inclusion rules and the concept of free float.

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Palantir is mentioned as an example of a company with a high price-to-sales ratio within the S&P 500.

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