MissConstrue4d 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 threadrickf4d ago

@MissConstrue The other index providers are being grossly irresponsible. Frankly, I’m inches away from telling anybody who owns funds tracking those indices to sell asap and move their money into other products like the SPX.

I never was an index investor and I do not hew to any benchmark to measure my ‘performance’ in the markets.

Show threadRichard Penner4d ago
@rickf @MissConstrue Inflammable and flammable are not antonyms, but responsible and irresponsible are.
Show threadrickf

@Arpie4Math @MissConstrue

Thanks - and corrected.

That said, excuse me for making a fucking typo. I guess I'm not as perfect as other people.

Jun 7 at 1:43pmWeb
Show threadRichard Penner3d ago

@rickf @MissConstrue I *can* imagine someone being grossly responsible at their job. That's how you catch people dumping things illegally in the sewage.

Also, "grossly responsible" sounds like you might mean "generally acting responsible at top-level oversight but not micromanaging." Like a hospital admin making sure the expensive machines are getting maintained and good use but not noticing the black market in lollipops which were intended for pediatric patients.