because i am smarter than the next guy and will know when to get out.

Marketing and promotion.

No insiders have been able to sell yet, and won't for another couple months.

Elon and some major early investors are locked up for a whole year.

US doesn't enforce laws concerning financial crimes anymore. Or laws on milk purity, either.

One thing I learned recently is that Vanguard Total Stock Market Index (VTI) is float-weighted. That means that SpaceX's percentage in the index is based on the value of the floating shares, not the total market cap. As a result, a fund like VTI, for now, doesn't have that much SpaceX. It will add more as the lockup periods expire and the float increases, but increasing float might also drive down the price.

They didn't even start on the dump part yet. Only initial 5% of the shares are trading so far.

Do 401k's know about pump-and-dump, but think they can time it to make profit? Or are 401ks "bound" to buy stocks?

It feels like a lot of retail buyers know the emperor is naked, but are still acting on greed, thinking they can "catch the falling knife" and time the market departure to profit from the hype...

Notably, today was the first batch of additions, which really does lend credence to the idea that it's just about people getting out after the forced buying. We'll see what happens in early July when it makes it into the Nasdaq 100.

Context?