Elon Musk’s SpaceX is preparing for a $1.75 trillion IPO that could place the company in major index funds within days. Changes to long-standing index rules may bring the stock into retirement portfolios far sooner than many investors expect.
Elon Musk’s SpaceX is preparing for a $1.75 trillion IPO that could place the company in major index funds within days. Changes to long-standing index rules may bring the stock into retirement portfolios far sooner than many investors expect.
Why? Because people are gullible idiots!
People don’t have a choice. Their pensions will be forced to buy SpaceX at inflated IPO prices because Musk controls Nasdaq.
At least Denmark isn’t corrupt.
https://www.reuters.com/legal/transactional/danish-pension-fund-excludes-spacex-citing-governance-valuation-2026-05-29/
Unfortunately, it’s only one pension fund the article is referring to. I have another one, and they have not made any statements.
Most all pensions or 401Ks are using index funds of some sort. Nearly everyone is affected by this.