Speaker
Dave Nadig
5 bits across the podcasts they've appeared on
4% Free Float
Because only 4% of shares are available initially, forced index fund buying could quickly distort trading dynamics and price discovery.
12% Synthesized Nasdaq Float
To handle the massive capitalization but tiny float, Nasdaq will treat SpaceX as if it has a 12% float rather than its actual 4% initial float.
10% to 15% Forced Buying
Mechanical demand from passive funds creates a large, price-insensitive bid on the limited public float.
