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| ▲ | insane_dreamer 2 hours ago | parent | next [-] |
| I would't be surprised if the freak-out reaction to SpaceX being on the nasdaq100 and even being considered for the s&p500 was a strong factor in S&P saying no; if so than the histrionics were worth it. |
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| ▲ | JumpCrisscross 40 minutes ago | parent [-] | | > would't be surprised if the freak-out reaction to SpaceX being on the nasdaq100 and even being considered for the s&p500 was a strong factor in S&P saying no I would. I know some of the people. And NASDAQ 100-tracking funds have seen inflows, not outflows, as a result of the flip. S&P management wanted the flip. The econometricians said no, because they're that sort of folk. The influencers get to entertain and drive some fraction of listeners to churn, which I guess keeps the ecosystem fed through commissions and management fees. |
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| ▲ | dogwalker5000 6 hours ago | parent | prev [-] |
| The fact that a fast track was even considered is controversial IMHO. People flipping out, especially if their retirement is tied up with those indices, is to be expected. No one wants to be a bag holder for billionaire insiders. |
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| ▲ | JumpCrisscross 40 minutes ago | parent | next [-] | | Every rule change is controversial. This one was less so than almost any prior one I can remember–the dual-class one in 2017 (later reversed) generated far more real press. This one was mostly an influencer thing. | |
| ▲ | loeg 5 hours ago | parent | prev [-] | | You're making a similar mistake treating it as fait accompli that SpaceX will tank between IPO and some future date, but that isn't a given either. | | |
| ▲ | gopher_space 4 hours ago | parent | next [-] | | It's more about sidestepping the waves of market manipulation. | |
| ▲ | XorNot 5 hours ago | parent | prev | next [-] | | SpaceX is not worth $1 trillion, when most of that valuation is based on xAI being worth far more then their already dominant position in the space launch business. | |
| ▲ | insane_dreamer 2 hours ago | parent | prev [-] | | sure it's not a given, but I certainly am not confident enough that it won't happen to bet my money in it, which I would automatically be doing if it was admitted to the SP500 | | |
| ▲ | loeg 22 minutes ago | parent [-] | | It would make up less than 0.15% of the index with the limited float available at IPO. Even if it went to zero, your portfolio wouldn't notice it. |
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