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kinther@lemmy.world to Technology@lemmy.worldEnglish · 7 hours ago

S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

arstechnica.com

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S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

arstechnica.com

kinther@lemmy.world to Technology@lemmy.worldEnglish · 7 hours ago
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SpaceX won’t get easy access to billions of dollars from passive investors.
  • Brickfrog@lemmy.dbzer0.com
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    3 hours ago

    The popular Vanguard ETFs will definitely have it, they do track CRSP and FTSE Russell (VT and VTI for example) - Both of which adopted fast track rules that will allow SpaceX to become eligible 5 days after the IPO. Unless Vanguard themselves decide not to include it in their portfolios (seems unlikely but you never know). I think Vanguard does have some funds specific to tracking S&P but that’s not usually what people use Vanguard for.

    e.g.

    https://www.basenor.com/blogs/news/ftse-russell-fast-entry-rule-could-land-spacex-in-major-indexes-days-after-ipo

    https://moneywise.com/news/top-stories/elon-musk-spacex-ipo-crsp-vti-ftse-russell-nasdaq-401k

    That could lead to some interesting outcomes, how these funds look in 12 months could indeed be tied to which specific index(s) they are tracking.

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