Human
The Largest IPO in History Is Engineered to Spend Your Retirement Savings. You Don't Get a Vote.
In late March, a small investment fund that owns tiny stakes in SpaceX and Anthropic started trading on a stock exchange. Within four days, people had bid the price up more than 1,500% above the actual value of what the fund owns. Trading was halted twice because the price was moving too fast. Investors were paying sixteen dollars for every one dollar of real value, not because they didn’t know the math, but because the fund was one of the only ways to get a piece of companies that haven’t gone public yet.
4 months ago











