Everybody Will Own SpaceX, Whether We Like It Or Not

Source · https://seekingalpha.com/article/4909571-everybody-will-own-spacex-whether-we-like-it-or-not

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1
The S&P 500 has removed its profitability requirement to allow SpaceX's inclusion in the index. — Reversing post-dot-com era quality controls lowers the barrier for unprofitable companies, potentially increasing systemic risk and volatility in a benchmark index.
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Major index providers including NASDAQ, FTSE Russell, and CRSP have altered seasoning and free-float rules to expedite SpaceX's entry following its IPO. — Fast-tracking inclusion forces immediate, massive buying from passive funds, creating significant artificial demand and upward price pressure for the asset.
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The company is facilitating the fast-track entry of a high-profile company into major indexes.

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