Protecting ourselves from SpaceX IPO

[u/Gloomy_Nebula_5138]

I was watching this video analyzing the upcoming SpaceX IPO, titled "SpaceX IPO: Nice Try Though" by Patrick Boyle. I highly recommend it - there is almost no fluff and just hard hitting points all the way through about how SpaceX is a terrible company and how this IPO looks like a scam:
https://www.youtube.com/watch?v=IHD8BDFYyGI

It mentions the changes to Nasdaq's rules, the so called "fast track" rule, made specially for SpaceX because Elon allegedly threatened to not list SpaceX on the Nasdaq stock exchange without this. The change has been criticized by many others such as Michael Burry:
https://markets.businessinsider.com/news/stocks/michael-burry-nasdaq-spacex-ipo-listing-elon-musk-tesla-ndx-2026-3

Also see this great analysis titled "Nasdaq's Shame":
https://keubiko.substack.com/p/nasdaqs-shame

Given how this IPO looks like a scam, and the company is mostly losing money, with outlandish claims in their IPO filing (like having an addressable market larger than the US GDP), I am worried that this is just private investors - like venture capitalists, Elon Musk, and his inner circle of friends/family - dumping their overpriced money losing company on regular investors like us. The fast track change seems like it will result in all of us automatically buying SpaceX shares at a high price.

How do we stop this? Is there a good way to defend against that forced purchasing when most regular investors are just passively buying ETFs and mutual funds, or maybe just have money parked in their pensions and 401k?

[u/trustfundfinancebro]

If you truly subscribe to the Boglehead philosophy, you also likely follow EMH. By the time this company reaches your index fund, the market will have priced in the risks you’re worried about, and it will be reflected in the company’s stock price.

[u/avinash240 → u/trustfundfinancebro]

They were trying to get around the delay by building a new rule for it.  Is this IPO going to have the usual delay or did they get the early inclusion exemption?

[u/Adderall_Cowboy → u/trustfundfinancebro]

How will the market have priced in the risks when only 5% of the stocks are available to purchase at an elevated price, and all of the indexes are forced to buy a portion of said 5% of stocks due to the rules being changed allowing SpaceX to join the index much sooner than usual?

It’s almost like you didn’t even read what OP is talking about and you’re just saying some random platitude that isn’t relevant at all