It is a liquidity event for Elon Musk, and people like Elon Musk. What they do with it, hard to say. But, the forced buying by institutional investors will push the price of SpaceX upward based on nothing. SpaceX revenue was $15.8 billion last year, and its profit was negative $2.4 billion, its AI business is an also-ran, Twitter has declined to a fraction of its value before the acquisition.

There's no there there, so anything that props up the valuation of SpaceX puts money in scammers pockets at the expense of everyone else exposed to the stock.