[00:02] going to be purchasing SpaceX stock when it IPOs in June. That's a $1.75 trillion valuation for a company that is losing close to 4 to 5 billion dollars per year, and that's going to be automatically purchased by any ETF or
[00:15] index fund tracking the Nasdaq 100 because of a new fast entry rule that was approved in March. You see, it used to take 3 months before a new company could be added to the Nasdaq 100 index, and these 3 months let the market kind
[00:27] ultimately see where the price would land. But now with this fast entry rule in 15 trading days after a listing, any company with a market cap of over a hundred billion dollars, usually ranking in the top 40 of the Nasdaq 100, is
[00:41] going to be included automatically. That means popular ETFs like QQQ will be required to shift some of their allocation to SpaceX shares. Now, is portfolio? The headlines are going to make it seem like your 401k is being
[00:54] treated as exit liquidity for SpaceX investors, but the net impact on individual investors like us is likely to be very tiny. Currently, it's projected that 0.44% of QQQ will be allocated towards SpaceX based on the
[01:07] amount of shares in public float. So, if you have $10,000 in QQQ, about $44 of that will be shifted from your current holdings into SpaceX on inclusion day. and I'll keep you updated on the IPO as it happens and as things progress, and
[01:22] it happens and as things progress, and make sure to follow me.