MissConstrue21h ago

Ok, y’all…some good news! The S&P index told #SpaceX Karen and the #AI bros to suck socks until they show a profit. There will be no rules relaxed, no guardrails bent. They can meet the standards of the rest of the index, or they can fuck off back to their lairs.

Why does this matter? Everybody’s #retirement plan is tied to the S&P. Swift entry into the #SP500 would have triggered $14 billion of passive fund buying for SpaceX. #OpenAI could have gained more than $8 billion, and #Anthropic could have netted $4.6 billion from similar passive buying sprees triggered by their S&P 500 entries.

This is because $7.5 trillion in passively managed funds follow the S&P 500 by purchasing shares of companies according to their proportional representation in the S&P 500 index.

This is under the radar, but very good news. Now if we can get the other indices to do the same…
https://arstechnica.com/tech-policy/2026/06/sp-500-blocks-fast-spacex-entry-wont-waive-rule-for-unprofitable-ai-firms/

#investment #money #stocks #indices #index

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

SpaceX won’t get easy access to billions of dollars from passive investors.

Ars Technica
Show threadPete's Mom 🍉 🇺🇦 ☮️
@MissConstrue
The NASDAQ is still a huge problem and if it impacts you - and it likely does if you have a 401k - contact your institution whether its personal savings or your employers retirement fund institution.
@ [email protected]
is also posting some excellent info on this. This is a HUGE scam/shakedown of USian retirement accounts on the level of the 2008-2012 "housing/mortgage" crisis. It is a shakedown to drain every last penny from not just USians but from the non-billlionaire class globally.
And I do not believe I am being hyperbolic about this.
Jun 6 at 7:11pmWeb
Show threadMissConstrue18h ago

@Petesmom Yeah, the nasdaq impact cannot be overstated.

This is, no holds barred, the biggest theft of capital from the bottom to the top that has ever happened, and if it doesnt end with bloody revolution, i will be astonished.

Show threadMark Koek6h ago
@Petesmom @MissConstrue US pensions are tied to the stock market…? That’s… not a great system.