Eric Balchunas
👤 Speaker
709
total appearances
Appearances Over Time
Podcast Appearances
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Was there some sort of moratorium on them being able to?
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
There's a lot of theories here.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
So Invesco…
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
owns the triple Q. Yeah.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
It used to be power shares.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Yeah.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Or Invesco swallowed power shares or they are power shares.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
When do they make that change?
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Like NASDAQ got most of the economics.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Yeah, yeah, yeah.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Okay.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Famously.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
So I think that's why SpaceX cares what index they're in.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Because if you're not at an index, you're not going to have the liquidity for 1,000 shareholders to exit inside of the first year.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
And when I say 1,000 shareholders, I don't mean retail.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
I mean funds that have been investing in SpaceX for 10 years.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
And that's sort of the point of the IPO.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
They could raise money privately indefinitely, I assume.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Yeah.
The Compound and Friends
The Investor Utopia is Here with Eric Balchunas
Okay.