S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
78 points by maltalex 2 hours ago | 9 comments
zippyman55 32 minutes ago
Yep!! Respect to them. I was planning to move to an equal weight index but this gives me a little more time to evaluate options.
replyhvb2 24 minutes ago
Related discussion here:
https://news.ycombinator.com/item?id=48405718
replysatvikpendem 24 minutes ago
Nice to see others are thinking the same, as I just posted the same article as a dupe of this one.
replyChrisArchitect 6 minutes ago
[dupe] please read the site we beg of you https://news.ycombinator.com/item?id=48405718
replymuadddib 44 minutes ago
Kudos to S&P 500. Vast majority of the world has no clue how trillions of $ from their pension funds is being funneled to the select few. Absolutely pathetic.
replyjoxdosba 18 minutes ago
> Vast majority of the world has no clue how trillions of $ from their pension funds is being funneled to the select few
replyGo on, use actual words to make a substantial allegation.
lumost 13 minutes ago
It's quite clear that there is an effort to engineer mega financial vehicles that index tracking funds are forced to buy. The incentive to do so is massive, and there is nothing illegal about it.
replyAs a holder of index funds such as the S&P, I'd much prefer that these vehicles are excluded for at least some period of time to ensure that the greater fool isn't simply my index portfolio.
propagandist 10 minutes ago
The comment above is perfectly clear, and if you have been living under a rock since the Reagan years, that's on you.
replySee Elon talking about Tesla finally joining the S&P 500 so index funds would finally have to buy its shares. See a hundred examples where socialism is reserved for the few, the jungle and legal constraints for the rest of us.