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The SpaceX Sham
['Advait Arun', 'Matthew Sitman', 'Sam Adler-Bell', 'Aziz Z. Huq', 'Michelle Chen']
Dissent Magazine
The SpaceX Sham The SpaceX Sham The chief scandal of the AI boom is not the secretive financial machinations of tech oligarchs, but how much money they have raised on the open promise of an automated, transhumanist future.
The way markets contorted around the SpaceX IPO should put paid to these notions.
Rather than be disciplined by the public markets, Musk bent them to his will.
That means BlackRock’s IVV and Vanguard’s VOO, two popular passive index-tracking funds, will for now remain free from SpaceX exposure.
In fact, the existence of public SpaceX stock belies Musk’s total control.