Past performance as a company is like 20% of the concern here.

The concern is ~80% that a brand new stock enters the market & immediately has to be bought by everyone. The market has no time to adjust & settle.

This is fleecing everyone & it's entirely unclear under what madness this would ever have been considered.

There's so many irregularities and abnormalities being considered here, and all of them seem like pretty straightforward safeguards. It feels like nothing short of a conspiracy that so many norms would be pushed aside to consider listing spacex so quickly in so many indexes. "The proposal could also remove the minimum Investable Weight Factor requirement for megacap companies." For fuck sake! https://x.com/Benzinga/status/2050244492335206911