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

arstechnica.com

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

#511

Post by KPGv2 »

groundzeros2015 wrote: post #285
KPGv2 wrote: post #277

Earlier quoted context omitted.

Musk isn't a natalist. The global population is going up. And yet, he complains about not enough births. Because he is a white supremacist. He wants white people to outnumber other races. The current state of affairs would be satisfactory to him if he were merely a natalist.

Source?

For which part?

Global population increase: https://www.worldometers.info/world-population/world-populat...

White supremacist: https://www.theguardian.com/technology/2026/feb/12/elon-musk...

https://www.youtube.com/watch?v=-VfYjPzj1Xw

https://www.ms.now/rachel-maddow-show/maddowblog/as-elon-mus...

https://www.cnn.com/2023/11/17/business/elon-musk-reveals-hi...

https://religiondispatches.org/2026/01/09/musk-endorsed-whit...

and so on and so forth

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

#512

Post by KPGv2 »

xhkkffbf wrote: post #391
KPGv2 wrote: post #277

Earlier quoted context omitted.

Musk isn't a natalist. The global population is going up. And yet, he complains about not enough births. Because he is a white supremacist. He wants white people to outnumber other races. The current state of affairs would be satisfactory to him if he were merely a natalist.

The population is very hard to count, believe it or not. In many places, the birth rate is well under replacement and in the others it's dropping quickly. Furthermore there's widespread fraud and deliberate miscounting which also makes it hard to really know.

So let's get this straight, you think the global population is not going up?

> In many places, the birth rate is well under replacement

Of course, in some places, this is true. But not globally. We don't need more births to keep population going on. There's a surplus of starving, fecund people globally. Musk amplifies and composes tweets about how white people are going to be a minority (we have been for basically all of human existence, but w/e), and he's even said things like if white people are a minority, we will all be killed. Which only makes sense if the assumptions underlying this claim are that white people are uniquely non-violent (i.e., supreme). Or it's an admission that everyone commits genocide against everyone else. Which is so transparently fictitious that someone as allegedly brilliant as he is couldn't possibly believe it.

The most generous description of him is that he's dumb. The least generous is he's a white supremacist.

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

#513

Post by beernet »

thinkingtoilet wrote: post #260
beernet wrote: post #198

Earlier quoted context omitted.

This comparison is nuts and invalid. Each of Anthropic/OpenAI/SpaceX has more revenue than the mentioned companies combined at IPO time. Doomers gonna doom

Open AI has never made a cent of profit.

Some people here truly need a bunch of lessons in economics and capital markets. This is not about making a profit at this point in time. Each of these companies could turn profitable im a heartbeat if they wanted to. Which would be exactly the moment in which they lost the race and become irrelevant.

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

#514

Post by 3eb7988a1663 »

dash2 wrote: post #506
3eb7988a1663 wrote: post #420

Earlier quoted context omitted.

The only decision they are making is to maintain their existing rules. Which is what a slow-moving, conservative financial instrument should do. S&P may very well end up buying SpaceX, but it will be through the standard mechanism they have been using for decades. Not in a last second bum-rush deal that NASDAQ made to grant special favors. One year from IPO, the insider lock-up periods will have expired, so insiders…

Unfortunately, repeating the word “conservative” does not stop you from becoming the last buyer of overpriced stock, which others are buying exactly so they can unload onto you.

The non-conservative approach would be to quickly change the rules to avoid missing the latest opportunity?

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

#515

Post by jldugger »

jstummbillig wrote: post #408
codegeek wrote: post #298

Earlier quoted context omitted.

Agreed. S&P 500 needs to be seriously gatekeeped. We need safer boring companies in there thatbhave been peoven over a long period of time. Nothing against these companies but they are not proven and ready for S&P 500.

Let's say Alphabet shifts further to ~become a 100% AI company in the same way that Anthropic and OpenAI are. Should they be removed from the index? If not, why not?

The reasons we have Google in the index and not Anthropic are many:

1. Google has a history of profits. Their move into AI isn't coming at the expense of Search Ad revenue, and can be seen as defending it for the future. Their last annual report shows continued growth in this sector. So the P:E ratio isn't NaN.

2. Their stock prices has survived the test of market trading and multiple reporting windows, short sellers, WSB regressive behavior, etc. In part because they have a huge publicly tradeable float.

3. There isn't a huge bundle of shares in lockup until six months after the IPO that would put selling pressure on the symbol.

It's also a safer bet as a company, though that technically shouldn't be the criteria for indexing:

1. Google has a diverse product line: youtube subs, search ads, adwords, cloud services, etc. And a demonstrated ability to launch more (probably too many more).

2. They have a huge existing customer base to upsell to; cost of customer acquisition would be low for quite a while.

3. Anthropic and OpenAI are dependend on nvidia to supply them every beefier chips, while Google has their own TPUs to run on and lease out to others.

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

#516

Post by blobbers »

groundzeros2015 wrote: post #307
trumpdong wrote: post #156

Earlier quoted context omitted.

As a rule, no one in the financial industry has ethics. They're doing this because they think it'll be more profitable.

Of course. And maintaining public trust in the quality of their top brand ETF is a good way to make money.

I'm not sure if I trust the S&P 500. There are much better ways to build indices than the one they've built.

People speak about "diversification" without truly understanding why they're diversifying or what the covariance of their portfolio is, and then just cite statistics about how "on average".

It's a lot harder to walk the walk when your entire portfolio has been underwater for 7 years without sign of coming back; loose money has prevented that but the grifts are starting to get to the end of their strings.

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

#518

Post by dash2 »

3eb7988a1663 wrote: post #514
dash2 wrote: post #506

Earlier quoted context omitted.

Unfortunately, repeating the word “conservative” does not stop you from becoming the last buyer of overpriced stock, which others are buying exactly so they can unload onto you.

The non-conservative approach would be to quickly change the rules to avoid missing the latest opportunity?

As I said, the indexes are stuck in a race to the bottom! I don’t like it either.
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