Downtown Josh Brown
👤 SpeakerAppearances Over Time
Podcast Appearances
But wait, right.
IPOs.
Wealth creation on a massive scale and stock prices which drive AUM fees.
That's what's going on.
So you said it's reflexive.
But I think it's recursive.
I think it's a circle.
It's around and around we go.
Because, like, hear me out.
The person that's a SpaceX early shareholder, maybe they're an employee, maybe they're an investor.
So the first window to sell for this deal, I think, is five weeks.
Like it's very different.
No, it's a six month lockup.
No, it's not.
You're wrong.
They're changing the way they do this specifically for SpaceX.
They're having a rolling lockup period.
And I think like within a few weeks, the first sales can be made.
You can't dump your whole position.
But I think the liquidity coming from these wealth creation events will be very different than prior IPOs where they made you wait six months, nine months.