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Is this really the worst thing? People keep bringing this up but it’s the Nasdaq 100. It would be shocking if we were talking about the SP500.
It almost was. S&P decided against it at the last minute, despite saying they would initially.
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Turns out all the rules of our society are "hard limits unless someone with a lot of money disagrees at which point they become negotiable".
lol just be glad it's something civil money, historically it was much worse. Also, what's up with this influx of very sheltered reddit-like comments? It's not even September yet.
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Every company you mentioned has made more progress in those spaces than anyone else, and they are all clear progress towards the goals discussed.
"Every company you mentioned has made more progress in those spaces than anyone else" Lies. Waymo beats Tesla in FSD. Optimus is nothing while China has full fucking martial arts robots. It's 2026 where's that 2025 manned Mars mission? Where's that 2025 AGI promise (currently running itself in circles.) His solar roof tile idea was a bunk plan and any regular roofer could've told you that. China made a fucking electr…
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Is this really the worst thing? People keep bringing this up but it’s the Nasdaq 100. It would be shocking if we were talking about the SP500.
Yes Index and other funds are forced to buy as their contractual mandate is to follow the index or methodology set out by the fund.
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Isn’t that how capitalism works in general? Edit: thanks for the downvotes. Defenders of capitalism unite!!! lol. Free market right?
No. This is how crony-capitalism works. You could make a decent argument that capitalism will very likely end-game devolve into crony-capitalism as it's typical failure mode, but I don't think it's written in stone. It's funny to me. Everyone rails about Atlas Shrugged being some libertarian fantasy story. I always read it as an allegory warning about crony capitalism and how it ruins society along with a story about…
Which I’m surprised people don’t point out more. What does it matter which system is the best when at the end of the day the powerful people are going to make back room deals to subvert it and that always leads to a feedback loop
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"Lucrative" is not really the word you are looking for.
What do you mean? I was under the impression that including SPCX has been massively beneficial for Nasdaq. It creates lots of trading volume and sends a quiet signal to other massive tech companies looking to IPO to come to them, rules be damned. So they're definitely extremely lucrative for Nasdaq.
They got mostly the money SPCX paid them. It was a large payment but not out of the ordinary. And all that they risked was their index relevancy.
The worst about the SpaceX IPO is Nasdaq changing their inclusion rules for the Nasdaq 100. The index fast-tracked SpaceX stock for inclusion 15 days after the IPO, instead of the normal three-month seasoning period. They also changed its 10% minimum float rule to a 3x weighting boost for low-float stockss. So many people will unwillingly and prematurely invest into SpaceX, before it has any chance to discover its re…
> worst about the SpaceX IPO is Nasdaq changing their inclusion rules Nasdaq 100 has always been marketed as a tech-forward index. It would be a bit ridiculous if they didn’t include the most value tech companies on the market. There was a potential scandal at S&P. But it didn’t happen. My personal guess is a lot of finance influencers latched onto this story. When it didn’t pan out they tried to maintain credibility…
What if they floated only .01%? What's the cutoff for it being ridiculous not to include?
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"People" in this instance aren't always informed buyers. Sometimes they're buying an index fund because they don't have the time to research individual stocks and sometimes it's their pension investing. The normal seasoning period is there for a reason. There is a massive downside to premature inclusion of a stock that is initially overvalued and then settles to a reasonable/sustainable value.
> There is a massive downside to premature inclusion of a stock that is initially overvalued Define “massive”. SpaceX is only 1.2% of QQQ.
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They changed the rules for one person. You are the biggest simp for the rich. They pay you to post here in their defense? Discourse on this site is no better than Twitter or Reddit, just another flavor of stupid.
> They changed the rules for one person The timing isn’t great. But this was being discussed for a while. If it were only SpaceX, I’m doubtful the rules would have changed. But a tech index not including SpaceX, OpenAI, Anthropic and SK Hynix is a bit silly. And in the end, on index inclusion, the stock still fell. > simp…Twitter or Reddit Mm hmm.
Mm hmm
I mean the planets would fly off orbit
...such thoughtless justification is not really disproving comparison to "anything goes" discourse of other platforms with a nonsense appeal to empty normalization
100% designed to offload an empty bag onto retail investors
SpaceX is propped up entirely by government subsidy
It has no real sustainable business unlike SK Hynix, very much like OAI and Anthropic
What's silly is propping up ephemeral companies that burn resources and produce nothing