The GameStop revolution https://stacker.news/items/1485468, #1490909 in 2021 was a great rehearsal for what postmodern markets are like: fun-funzies-ElonMuskiate FUN. Just troll, have a good story, and people will give you money. _The people will be on board_

Retail is the captain now:

Over the past few years, individual investors have coalesced into a market-moving force, upending hedge-fund bets, salvaging struggling companies and sending favored stocks straight to the moon. Total volume for both retail stock and options trades reached new records in May, according to Citadel Securities.

...and to them, "Musk is a superstar... everything he touches, it works," says Randal Brown, a 70-yo fuckface boomer.

fly-fly-flyyyyy into space #1504781

WSJ found a Musk fanboi to illustrate the point

Deen Noory wants in on the biggest stock market debut of all time. Elon Musk is counting on it. 
Noory, a 41-year-old fintech entrepreneur, spent years listening to Musk’s video and podcast interviews. Tesla stock makes up some 85% of his net worth, and when shares of SpaceX start trading, he plans to buy. “What’s there to think about?” Noory said.

ICYMI, just the biggest IPO in history and the most mad of financial market talking heads (yours truly included) talking about it:

On Friday, the SpaceX stock ticker is expected to make its debut in the biggest initial public offering of all time: Musk plans to raise close to $75 billion in a deal that could make him the world’s first trillionaire. The stock offering also will be a landmark moment for everyday investors in Wall Street’s retail revolution.

For the IPO this week, an unusually large share is devoted to retail brokerage/trading plates.

Through more than two decades as a private company, SpaceX has raised billions of dollars from shareholders that include many of the world’s largest money managers, from mutual funds to big endowments. The skeptics, including some retail traders, say the easy money has already been made and that the pros are looking for someone else to get stuck holding the bag.

Unfortunate that, #1503733, #1501767. It's all just retail speculative frenzy

"It's a no-brainer":"It's a no-brainer":

After the SpaceX prospectus was made public on May 20, visitors to a Charles Schwab webpage of upcoming IPOs tripled, the brokerage said.
“Most of the interest is emotional, which is the honest truth,” said Jeff Judge, a financial planner in Forest Hill, Md. “People want to own a piece of Elon Musk’s rocket company.”

Individual investors, unlike the pros, are less likely to scrutinize a price-to-earnings ratio, much less a sophisticated cash-flow analysis before clicking “buy,” according to Wall Street veterans. Musk’s fans are stirred more by the entrepreneur’s long-term vision of rockets, robots, AI chatbots and data centers in space. Small-time investors without a six-figure portfolio are welcome: Robinhood doesn’t have a minimum balance requirement to request shares of SpaceX. Fidelity generally requires a minimum of $100,000 or $500,000 in brokerage accounts for investors to engage in IPOs, depending on the offering. For SpaceX, the threshold at Fidelity was set at $2,000.

WILL YOU BE SELLING CORN AND BUY SPACEX, ANON?!WILL YOU BE SELLING CORN AND BUY SPACEX, ANON?!

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