S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic • Hacker News Board

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

#241

Post by psychoslave » Sat, Jun 06, 2026, 1:08 PM UTC

matt_kantor wrote: post #185

psychoslave wrote: post #140

A bit tangent, as I never had a single thought about investing any of the few precious attention moment into financial theaters. if I get it this is an index to invest in common in distributed wallets chosen and managed by an organization named S&P? I'ld be interested in something similar, but aiming at growing cooperatives, non profits, externally checked for alignment organisations striving to benefit humanity as a…

> something similar, but aiming at growing cooperatives, non profits, externally checked for alignment organisations striving to benefit humanity as a whole There are a lot of investment funds like this, usually called something like "ESG" (environmental, social, and governance) funds.

Hey thank you very much for your reply, it's deeply appreciated, this helped to start a rich research on the matter.

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

#242

Post by lenerdenator » Sat, Jun 06, 2026, 1:09 PM UTC

Is that... no, it can't be.

squints

Is that an institution working for long-term stability instead of short-term gain?

looks through binoculars

Holy hell... it is!

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

#243

Post by kome » Sat, Jun 06, 2026, 1:10 PM UTC

danielovichdk wrote: post #16

Stocks and money. It's so boring. I will go drive my old German car now, and get a bit drunk in a bottle of Nebbiolo while listening to some French lunatic with a piano. Enjoy your trip to Mars and your self driving toy cars. The world is off its rails. Bit time.

i fully fully agree with you.

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

#244

Post by [deleted] » Sat, Jun 06, 2026, 1:14 PM UTC

derf_ wrote: post #187

LinguaBrowse wrote: post #42

Earlier quoted context omitted.

I’ve moved my S&P 500 investments to the Equal Weight index to reduce my exposure to AI. Quite aside from SpaceX, I think the large-cap tech companies are making some uncomfortably large bets on AI and any major upset could cause a domino effect. But as so many ETFs have a significant stake in large-cap US tech stocks (the top 10 holdings of the iShares MSCI World ETF is entirely comprised US Big Tech, making up 20%…

> I found S&P 500 Equal Weight to be pretty attractive. The rebalancing required to maintain equal weights means constantly selling your winners and buying more of your losers. That creates volatility drag. Stock returns are highly skewed: only about 4% of stocks outperform the market, and are responsible for most of its gains. By keeping your allocation to those stocks small through constant rebalancing, you are mis…

[deleted]

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

#245

Post by oceansky » Sat, Jun 06, 2026, 1:14 PM UTC

everdrive wrote: post #240

I'm quite relieved as the S&P should be stable and slow. But with that caveat said, is this why the S&P 500 dropped off a cliff on Friday? If so, why?

Impossible to know for sure. But I would speculate a lot of investors are "bullish" on these three companies and would rather invest more on them.

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

#246

Post by droidjj » Sat, Jun 06, 2026, 1:16 PM UTC

everdrive wrote: post #240

I'm quite relieved as the S&P should be stable and slow. But with that caveat said, is this why the S&P 500 dropped off a cliff on Friday? If so, why?

The general consensus is stocks nosedived after the strong jobs report, because strong labor market means its more likely Fed will hike interest rates to curb inflation.

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

#247

Post by throw7 » Sat, Jun 06, 2026, 1:17 PM UTC

intrasight wrote: post #176

prasadjoglekar wrote: post #113

Earlier quoted context omitted.

Yes. Plenty is correct. Fidelity let's you buy SpaceX at IPO with only $2K in the bank. And there are other reasons to be cautious. Many passive funds don't license the SP500 and instead mirror it with their own synthetic index. They are not bound to respect this decision.

I think caution is most warranted, but I also think it's likely that SpaceX will become a real-life Weyland-Yutani Corporation (i.e. "The Company") of Alien and own space. But I'll be long dead before that plays out.

I've always favoured Tessier-Ashpool S.A. as comparable. The creation of AI's and Freeside and Musk's pronatalism slots in nicely.

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

#248

Post by kgwgk » Sat, Jun 06, 2026, 1:17 PM UTC

everforward wrote: post #235

kgwgk wrote: post #193

Earlier quoted context omitted.

You say you didn’t see it happening and I’m asking what would you have seen if you had seen it. What would have been different? Where would have you seen this pretrading that you didn’t see? Who is that someone that would have been selling those shares but didn’t?

Broad strokes, you would expect to see a withdrawal of funds from the market by anyone following equal weight funds. New entrant means you have to pull money out of existing stocks to re-allocate to the new entrant to maintain equal weights. It would be visible at a macro level, you’d see a higher sell volume and probably a drop in price as all the equal weight funds rebalance. There’s a heavy motivation to be the fi…

> would expect to see a withdrawal of funds from the market by anyone following equal weight funds

Would you see funds reducing their equity exposure and going into cash or what? Which funds would do that? Trackers wouldn’t do that so where would you see that withdrawal of funds?

> New entrant means you have to pull money out of existing stocks to re-allocate to the new entrant to maintain equal weights.

If you mean someone tracking an equal weight index the weights would be essentially the same after the inclusion of SPCX replacing some other constituent. Except for the stock being replaced, of course.

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

#249

Post by throwawaycan » Sat, Jun 06, 2026, 1:17 PM UTC

everdrive wrote: post #240

I'm quite relieved as the S&P should be stable and slow. But with that caveat said, is this why the S&P 500 dropped off a cliff on Friday? If so, why?

No. All index dropped on Friday.

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

#250

Post by NBJack » Sat, Jun 06, 2026, 1:18 PM UTC

everforward wrote: post #225

Wololooo wrote: post #107

Earlier quoted context omitted.

People are doing so because the math is not mathing. Assuming that all the claims are true, this would lead to a collapse under its own weight, because at that point, supposedly, most people won't be needed in the jobs they currently occupy. Assuming the claims aren't true, there will be a reckoning where all the glitter thrown will hit the ground and people that invested would like to have their marbles back at what…

Have they even talked about how they’re going to handle the heat? I’m willing to believe the construction is plausible (maybe not cost-effective, but possible), and robotic operation of it is a stretch but with some optimism I could be convinced. I don’t see how they can get rid of the heat, at least in a realistic way that isn’t “a square kilometer of black body radiation surfaces” or something equally “works on pap…

Heat is where the math breaks down. If you examine the heat the ISS is able to deal with (about 70 KW) vs say a H200 SXM5 (700W), you can stick a grand total of 100 units there, or about 12 nodes. This isn't even accounting for supporting infrastructure, compute, etc., nor are we taking a power source into account.

Either there's a revolutionary heat dissipation system in the works they're keeping a secret, or my ass is getting a smoke rash.