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 41 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.

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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.

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gopher_space 4 hours ago | parent | next [-]

It's more about sidestepping the waves of market manipulation.

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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.

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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 24 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.