SPACEX IS COMPLETE GARBAGE

Here is the view on the pending SpaceX IPO of George Noble, a prominent and respected independent fund manager (formerly manager of Fidelity's #1 International Fund).  His view is consistent with mine George Noble u/gnoble79 SPACEX IS COMPLETE GARBAGE Run, don't walk from this train wreck. The numbers are right there in the S-1 filing for anyone willing to look. SHAME ON YOU ELON MUSK YOU BELONG IN JAIL SHAME ON YOU u/SECGov and u/SECPaulSAtkins for allowing this to proceed. SHAME ON YOU MORGAN STANLEY and TED PICK SHAME ON YOU GOLDMAN SACHS and DAVID SOLOMON SHAME ON YOU Bank of America, Deutsche Bank, UBS, Citigroup, JPMorgan, Mizuho, RBC, Macquarie, Wells Fargo, Allen & Co, Needham, Raymond James, Stifel, Cantor Fitzgerald, Soc Gen, Mirae, Santander, ING, and BTG Pactual. Have you no shame? Have you no decency? Have you no honor? Or is it all about the fees? And the index providers are making it even WORSE. Nasdaq changed its rules so SpaceX auto-qualifies for the Nasdaq-100 after just 15 days of trading triggering up to $60 BILLION in forced buying from ETFs alone. S&P Dow Jones Indices is now consulting on whether to fast-track S&P 500 inclusion for unprofitable mega-cap IPOs of this scale. To Adena Friedman at Nasdaq and Catherine Clay at S&P Dow Jones Indices: You are about to force every retirement account in America to become EXIT LIQUIDITY for the most overpriced IPO in history. This is a legally sanctioned wealth transfer from Main Street to Wall Street. The public will be badly injured and EVERY ONE of you knows it. You all belong in jail for this. David Solomon and Ted Pick, grow a pair and do the right thing and stop this epic travesty. How are you able to sleep at night? You and your firms are PATHETIC.