BlackRock's Larry Fink urges trillions in AI investment to keep US ahead, citing national security risks if China advances. His proposal to use retirement savings sparks social media uproar.
It may happen sooner than you think too. There’s been an updated rule that is that any “megacap” stock IPO, a stock destined for a huge market capitalization on the order of a trillion dollars, such as SpaceX, OpenAI, and Anthropic, will get added to the Nasdaq 100 after just 15 days of trading. Crucially, megacaps are exempt from standard seasoning and liquidity requirements. Nasdaq also removed the 10% float requirement; so SpaceXgets on the big list with just 5% of the company on the market. Source
Great, now they want to pump people’s life savings into the bubble too.
It may happen sooner than you think too. There’s been an updated rule that is that any “megacap” stock IPO, a stock destined for a huge market capitalization on the order of a trillion dollars, such as SpaceX, OpenAI, and Anthropic, will get added to the Nasdaq 100 after just 15 days of trading. Crucially, megacaps are exempt from standard seasoning and liquidity requirements. Nasdaq also removed the 10% float requirement; so SpaceXgets on the big list with just 5% of the company on the market. Source