This is very smart of these folks because for just three companies, they can't ruin the trust and impeccable reputation they have built over the years.

This decision alone is worth several trillion dollars.

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Allybag 2 hours ago | parent [-]

Well, it might be a good decision but I think the possibility of Standard and Poor one day being worth trillions of dollars more than if they had included three companies a year or two earlier than when they inevitably join the index is absolutely zero.

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SwellJoe 2 hours ago | parent [-]

You've used the word "inevitably". Are you sure it's inevitable? SpaceX is launching at a ridiculous valuation, has two bad businesses bolted on to one modestly successful one, and all together the revenue puts the company well behind companies with a market cap vastly smaller than what they're pricing the IPO at.

This is a ridiculous situation, a ridiculous valuation, and a very risky business (data centers in space? c'mon, be serious).

	▲	polotics an hour ago \| parent [-]
		More explicitly, it puts them at the same level as Kellog's, with one difference: breakfast cereals is profitable... This is as per Patrick Boyle's https://youtu.be/IHD8BDFYyGI?si=FZ52TSEYnpJwZ1FT