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The largest IPO in history is about to launch and Jaime and Cindy aren't strapping in quietly. SpaceX hits the Nasdaq on June 12 at a $1.75 trillion valuation, except the "space company" is now really three companies in a trench coat: rockets and Starlink, the platform formerly known as Twitter, and a cash-incinerating AI unit. The twist isn't the size; it's the quiet rewrite of the index rules that can fast-track SpaceX into the funds inside your retirement account in as little as five trading days; no seasoning, no profits required. Jaime Peters breaks down how passive investing became forced buying, why the S&P 500 alone refused to play along, and who actually pockets the upside before retail ever gets a share. Cindy Goodwin-Sak pulls the management lesson out of the chaos: when someone changes the rules underneath you, which anchors do you refuse to move? Seriously, what could they be thinking?
By Cindy Goodwin-Sak & Jaime PetersThe largest IPO in history is about to launch and Jaime and Cindy aren't strapping in quietly. SpaceX hits the Nasdaq on June 12 at a $1.75 trillion valuation, except the "space company" is now really three companies in a trench coat: rockets and Starlink, the platform formerly known as Twitter, and a cash-incinerating AI unit. The twist isn't the size; it's the quiet rewrite of the index rules that can fast-track SpaceX into the funds inside your retirement account in as little as five trading days; no seasoning, no profits required. Jaime Peters breaks down how passive investing became forced buying, why the S&P 500 alone refused to play along, and who actually pockets the upside before retail ever gets a share. Cindy Goodwin-Sak pulls the management lesson out of the chaos: when someone changes the rules underneath you, which anchors do you refuse to move? Seriously, what could they be thinking?