>Point 1. Corruption has penetrated the highest echelons of USAnian politics. The president is unabashed in his corruption and has corrupted (is corrupting) the financial regulators (I follow Molly White who has been particularly good on this)

Sure, but indices are really not a heavily regulated space. The government doesn't have any obvious, direct influence here.

But uh, do you genuinely believe that the Trump admin would pull this off without the story leaking? It's an incredibly leaky administration, now supposed to be exerting influence over the most leaky industry in the world.

>Point 2. Space-X is valuing itself at an astonishing value that is not anchored in its business activities

If SpaceX is overvaluing itself, they'll look really silly at IPO! This is a very strange complaint.

>Point 3. The purveyors of these IPOs have been doing their best to get the rules changed (because reasons blah blah blah), the change will mean that managed funds, if they follow their usual practice, will feel compelled to buy in at the offer price - a massive inflow of capital that will make many people incredibly rich.

According to whom? The consensus in serious financial medias seems to be that indices are doing the rule changes to avoid divergence. I've tried to look, but I can't find any reporting suggesting that the "purveyors of these IPOs" had anything to do with this.

These companies are already among the 20 biggest in the US, it's genuinely going to be a big problem for e.g. the S&P500 to keep them out.

>But these are very worrying times. Especially for the USA.

I agree! However, not everything that happens in the USA is related to Trump.