> And? Its not my debt.
Your view seems very myopic.
AFAIK they have heavily relaxed the rules for IPO. Pension funds are practically forced to buy from the top-100 companies, and these companies risk crashing much more than the others.
SpaceX value is already lower than at launch. If this costs are externalized to the common public, this will be your debt.
All these companies are too big to fail, in an environment where you can buy pardons and laws.
Hell, a 3T$ crash will have global repercussion and probably partially crash many other countries, too.
Luckily so far only one index changed its rules to cover SpaceX and what the AI IPOs would need.
I don't know how specifically significant SpaceX being lower than at launch is, because actually most IPOs underperform the market and their own targets for the first three to five years. What is happening to it is not that unusual; its overvaluation is.
I do think there is a major risk here, and ordinary investors and pension holders will be hurt.
I am not sure any individual AI company is too big to fail, though probably one of the big two will be rescued, most likely Anthropic. I think OpenAI will fail, and it'll be stripped for parts. As will Oracle, who are overexposed to it.
Thats a Elon Musk / Space-X issue thought not a Google and co issue.
How much real impact is this really though?
If it crashes the global economy will crash and they will have to print money for a bail out which means another 30% increase to the price of everything
But minimal real impact
Is it your contention, then, that the 2008 crash had minimal real world impacts?