Earlier quoted context omitted.
We need the opposition taking names for investigations in 2029. They're not all getting pardons.
They're just as on the take as anyone. Think about it: you have hundreds of thousands of pages of evidence that the hyper-wealthy may have trafficked minors across state and international borders. Only one person is in prison over it, and her cell gets upgrades. 35 years ago this would have been a slam dunk for the opposition party of any republic. Instead of standing ten toes down on it, opposition leaders are doing…
Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
361–370 of 1001 posts
Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
#362Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
#363Earlier quoted context omitted.
You're claiming without evidence that the bureaucracy and regulators are corrupt to the core? No way I refuse to hear another bad word about the government, they are above reproach sir.
We’ve really hit that point, where our institutions are transparently corrupt, and everyone knows it, and both the guilty and the public just say “yep, we’re doing the corrupt thing”. It’s depressing as hell, and it’s going to go out with the proverbial whimper, but at least we’ve got to be close to rock bottom, right?
You need to vote for the next several years, no matter what, because you still have a chance.
Once corruption becomes the default, then you are REALLY screwed. Because it kills hope and the faith in the future in the most corrosive way possible.
The death of morale is a far worse and insidious fate that will make today look like a high point.
Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
#364Earlier quoted context omitted.
The S&P Shariah index fund is required to exclude SpaceX and already exists https://www.spglobal.com/spdji/en/indices/equity/sp-500-shar...
Why? Was space exploration incompatible with Sharia? Is it the pornography bit of xAI?
Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
#365[flagged]
We detached this subthread from https://news.ycombinator.com/item?id=48364986 and marked it off topic.
Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
#366For SpaceX (and possible the others): Yes it can, since they changed the rules to force over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations. From https://x.com/Hedgeye/status/2060435253928604065 : "Rule changes for the SpaceX $SPCX IPO: Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5. This forces over $30 trillion in passive 401k a…
What can those of us who are passive investors do to protect ourselves?
Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
#367Earlier quoted context omitted.
To be fair, these are not regulators, just private companies making up rules, so technically this is not corruption just something that looks like it but it's just business™
> To be fair, these are not regulators, just private companies making up rules, so technically this is not corruption just something that looks like it but it's just business™ What I find odd is that the comments are critical of how the police didn't caught thieves, but there is absolute silence towards thieves and the fact they have been engaged in thieving for ever. Another comparison is people blaming the fire dep…
Police are only useful so long as they are effective as policing. It’s insanely difficult to put a price on a cost center which doesn’t add value, but only has a chance to reduce the loss of value if they do their job well.
The problem with the fire department analogy is that there’s a lens through which the fire department IS the arsonist here, or is at least pouring accelerant at the future site of the arson. If you don’t know why I would call the bankers at S&P, Nasdaq the arsonists in this case, you aren’t equipped with the background info about SpaceX’s fast track + goalpost moving to index funds.
I guess we should be thankful there aren’t more Luigi jokes in the comments.
Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
#368For SpaceX (and possible the others): Yes it can, since they changed the rules to force over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations. From https://x.com/Hedgeye/status/2060435253928604065 : "Rule changes for the SpaceX $SPCX IPO: Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5. This forces over $30 trillion in passive 401k a…
I don't like this either, but from the article: > Although Nasdaq has already shortened the “seasoning” period before index inclusion to 15 trading days and FTSE Russell has slashed its waiting time to five days (and S&P Dow Jones is reportedly considering something similar), most share indices weight firms in proportion to the value only of shares they have released for public trading (the “free float”). For SpaceX,…
Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
#369So they're not just racing to gain dominance in AI, they're also racing to IPO before the music stops? IPOing and getting a bunch of cash, even if your stock subsequently suffers in the crash, is a lot better than being unable to get that capital infusion before the house of cards collapses.
People keep predicting "house of cards" and keep being wrong. AI bubble was supposed to burst as far back as 2023. When was the last time since 2009 there was a $500+ billion tech valuation that lost 90% or more? After a certain point , 100% market penetration is achieved and these products become mainstream and profitability follows. See Uber and Tesla for examples.
The bubble can't pop until after an IPO, and that doesn't mean "immediately after".
You can't have a run on a privately held company.
Re: Can the stockmarket swallow Anthropic, SpaceX and OpenAI?
#370Earlier quoted context omitted.
Oh, SpaceX already has that covered: thanks to the TX legislature, SpaceX shareholders cannot file shareholder lawsuits, you can only complain to the "Texas Business Court" or get binding arbitration [0]. [0]: https://www.bloomberg.com/opinion/newsletters/2026-05-21/spa...
People can surely sue the index publishers for removing the safeguards, or the index funds to take more risks than they were mandated. When money is lost in the order of billions, someone is getting sued.
but that doesnt mean any money gets recovered at all. Musk sure as hell aint giving anything back.
The fix is to simply not buy it - those 401k aren't completely passive, you can choose a different investment (instead of NASDAQ index).