Do early investors in SpaceX need it's stock price to increase after IPO?
We all know the story about SpaceX's IPO, change of rules for including it as early as possible in indexes and the theory on how it's all being engineered to transfer wealth from pension funds to early investors in SpaceX.
That's a thesis I personally find reasonable and I'm already pretty convinced I should try to get some stock at IPO expecting it to pump before it dumps because even if smaller than before there is still a lag between the IPO and the inclusion of the company in indexes and between IPO and the possibility for early investors to sell their shares. If that's true these investors want for the price of the stock to go up after the IPO but the question is: do they need it to? Do these investors need for the price to go up to be profitable on this supposed forced wealth transfer or not?
I'd think not because obviously these investors bought in at lower valuations.
Edit: Of course investors want SpaceX valuation to climb after IPO but wants and needs are not the same thing. I'm not a native english speaker so maybe I wasn't clear enough on this important distinction. If early investors bought in at half the valuation at IPO they may not care if the stock tanks 30% because they still profit. Of course they want the stock to climb 30% instead but they don't need it, strictly speaking. That's what logic says and what those who understood the question answered.