JVL (Jonathan V. Last)

They said the rebalance will only occur at the scheduled quarterly rebalancings, which for SpaceX, based on when they're going to debut, will be December 18, I believe.

Now, if you recall, when Milan first announced

brought up the idea of doing this IPO.

He was like, yeah, mid June, because then the Venus is in the house of Mars.

And he gave like some stupid cockamamie astrological.

No, that's not why he's doing the IPO in June.

The reason he's doing the IPO in June is because, so when this IPO happens, they will have a certain percentage of stock, which is for sale.

And then the people who are holding stock preexisting on the private market, we're in what's called a lockup period where they can't sell.

That lockup period is going to end a few days before the quarterly rebalancing on December 18th, which means that for five months, we will have an artificially very high valuation for SpaceX shares before the rebalancing brings those shares back to back to Earth.

Elon and all his friends will get to sell.

Right.

The lockup period for them will end.

And I mean, it's just a fucking bank heist.

It's, it's an insane thing.

And this is, I would say I've always thought that Elon has one true genius, which is that he understands how to use his chip stack.

You know, he understands that he has so much money that,

The money actually begins to act like its own asset in ways which are different as a class, different as a category.

And it allows him to do shit like this.

And when this is all done, he's going to be worth at least a trillion and a half dollars.

He'll be halfway to his second trillion when this is over, Tim.