Yes, I think given that misinfo this was probably the right decision by S&P, everyone would be saying I told you so and screaming about providing exit liquidity.

My prediction is that this will overall end up costing index holders money though. They will ultimately get a worse entry price for SpaceX and the other mega IPOs. Only time will tell.

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nothercastle 6 hours ago | parent | next [-]

They might but changing the rules for a highly controversial company would do more harm in lost trusts than gain for investors.

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philistine 5 hours ago | parent [-]

Exactly. There is this undercurrent of The End Times everywhere, that this is it. This is the end of ... everything that was. When in fact it is not the end times, and the people at those indexes want to exist longer than SpaceX.

	▲	aeternum 4 hours ago \| parent [-]
		Index investors often believe that indexes work well because they average everything out. The reality is something like 96% of public companies underperform treasuries. ref: https://paretoinvestor.substack.com/p/why-96-of-stocks-are-d...

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yfg2 4 hours ago | parent | prev | next [-]

lol what

You can just wait for the price to drop post ipo as it usually does if you actually want to invest.

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JumpCrisscross 9 hours ago | parent | prev [-]

> given that misinfo this was probably the right decision by S&P

The misinformation was almost certainly not taken into account, and it shouldn’t have been.

> everyone would be saying I told you so and screaming

Influencers will scream regardless. It’s what they’re paid to do. The NASDAQ 100 made these changes and is doing just fine.

> will overall end up costing index holders money though. They will ultimately get a worse entry price for SpaceX and the other mega IPOs

There are lots of indices. S&P largely targets those built around mature companies. If you want a total-market index, those exist and tend to rapidly incorporate IPOs.