20260606 Musk lässt Börsenregeln ändern

Biggest Bank Robbery ?

Elon Musk aims to raise $1.75 trillion — that’s a number with 12 zeros — for SpaceX on the NASDAQ stock exchange in the coming weeks. So what? We live in a market economy, and every believer in capitalism will tell us that price is determined by supply and demand. But they couldn’t be more wrong:

SpaceX lost $4 billion last year.

Normally, an unprofitable, unstable company like this would never be allowed anywhere near safe, reliable stock indices.

But under pressure from Musk, the Nasdaq changed its rules and manipulated the system so that index funds are forced to buy up overpriced SpaceX shares!

Now the S&P 500 (market leader and main competitor of the Nasdaq) is considering exactly the same rule change. If the S&P gives in to Musk, pension funds worth trillions of dollars will be forced to swallow this toxic stock.

Special rules are intended to limit the free float of SpaceX shares, ensuring that Musk retains control of the company at all times.

These arguments do not stem from our ignorance of how capitalist stock markets operate, but are taken from the latest newsletter from eko.org and were also brought up for discussion last week on the ARD program “Wirtschaft vor 8” by Anja Kohl.

Eko.org warns: Long-standing safety regulations are designed to protect ordinary citizens who invest their hard-earned money in safe and reputable index funds, and to prevent their investments from being wiped out by speculative gambles. If the S&P 500 changes its rules to give a failing company a front-row seat, it will not only ruin lives but also completely destroy the trust that holds the financial system together.

Eko.org is therefore calling on you to sign their petition: The Nasdaq has already let us down, but the S&P 500 is a much bigger deal. If we flood the S&P today with a massive public outcry, we can defend our position, protect millions of savings accounts, and show big corporations that they can’t just rewrite the rules just to serve a self-centered, right-wing billionaire.

We have our doubts as to whether capitalism, with its rules, truly protects low-income earners and retirees, but we support the petition nonetheless because we see that these arbitrary rule changes are intended to fleece pension funds (and other investors) worldwide.

Translated with DeepL.com (free version)