Gary Marcus (@garymarcus): "For those wondering: I am not buying SpaceX. I am not shorting SpaceX. I am staying the F away. Why? Because the “float” is so thin, it’s easy to manipulate the stock. (If you don’t know what that means, you are definitely in for a ride.) I want no part of it."

Make money doing the work you believe in

Gary Marcus

Jun 12

Marcus on AI

For those wondering:

I am not buying SpaceX.

I am not shorting SpaceX.

I am staying the F away.

Why? Because the “float” is so thin, it’s easy to manipulate the stock. (If you don’t know what that means, you are definitely in for a ride.)

I want no part of it.

x.com

Technosmith ✘ (@technosmith) on X

SpaceX’s IPO offered a mere 4.3% float, leaving only a small fraction of shares tradable on Day One One of the lowest free floats in IPO history $SPCX For additional context Google (2004 IPO): ~18% Facebook (2012 IPO): ~18% Alibaba (2014 IPO): ~15% Saudi Aramco (2019 IPO):

Jun 12

2:44 PM

Make money doing the work you believe in

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