Josh Brown

And that is tiny.

Most companies, when they come public, let investors out and they sell a much larger portion of the company.

So what is upsetting people, listen, people don't love Elon Musk, right?

Like he's a lightning rod.

The valuation, which, you know, not forget about, but for the purposes of this conversation, it's the fact that they think that he is artificially limiting the supply

forcing the indexes to buy it and there will be a lot of forced buying and the other thing is the fast tracking it's like people like oh they're changing the rules well they have to change the rules because we've never had a 1.8 trillion dollar company come public before the rules have to change because the market has changed but it's the amount of time if there is only 15 days from the ipo

until it's entered into the NASDAQ 100 with such a limited supply, there could be a lot of chicanery, a lot of games being played, and a lot of potential funky price action.

I don't buy the exit liquidity stuff to retail investors.

And then there's all sorts of other stuff with the weird staggered lockup and the different thresholds for...

So it's complicated.

It is a complicated situation.

And one of the derivative impacts is because we are in a degenerate market forever and ever, that will never go away.

Bull market, bear market, there's always going to be bullshit that we see that makes people, that like takes your eye off the ball.

This is a great example of it.

So somebody's, oh my God, slightly moist Viking says,

My bad, boys.

Bought $129,000 in the SpaceX IPO, except...

except this person bought not SPCX, he bought SPCE, which was a Chamath SPAC back in the day.

It's Virgin Galactic.

And he put 129K into it.