Elon Musk's SpaceX is preparing for what could become the largest public listing in history, with a target valuation exceeding $1.75 trillion. While investors may focus on the IPO itself, the bigger development could be how quickly the company finds its way into widely held index funds.
  • Yewb@lemmy.worldEnglish
    4 hours

    Our entire stock market is so captured this guy is literally ruining our future and greedy fucks want to give him a blank check to work his failed dream of ruling mars.

    • sanitation@lemmy.radioEnglish
      2 hours

      I don’t think he’d be allowed to do this under dems. But now his businesses are failing and donals I suspect just gave him a blank check to do whatever

    • mrgoosmoos@lemmy.caEnglish
      2 hours

      I’m gonna ride this one out because how much is it going to matter to me in ten years, but if I had time and were more prepared I’d probably be rebalancing and then taking like half my funds that would hold this and selling to buy the major underlying holdings directly. even if just to make a point with what comparatively little money I have.

    • TwiddleTwaddle@lemmy.blahaj.zoneEnglish
      3 hours

      Some (although inexplicably not all) small cap value funds dont include the mega cap tech companies at all in their indexes. Going extremely heavy small cap value could get you a portfolio without any exposure to these criminals, depending on the options available through your manager. That may make for a more sound financial strategy than pulling everything out of the market entirely.

    • FlashMobOfOne@lemmy.worldEnglish
      5 hours

      I’ve been thinking of taking profit and going into money markets / cash anyway for a while. This just makes me want to do it more. This market is crazy and, I don’t know when it’ll happen, but the continued growth despite all the craziness in the world and corruption just doesn’t feel sustainable.

      • lemonhead2@lemmy.worldEnglish
        5 hours

        im rebalancing down. I had a really aggressive position with retirement savings. but this growth is madness. im reducing my percent holding in tech, even though it’s the fastest growing

        • FlashMobOfOne@lemmy.worldEnglish
          5 hours

          Same.

          Aggression’s made sense for several years now. The only major change I’ve made was rebalancing 30% into international holdings last year away from the US, after the rebound from the chaos the tariffs caused.

    • Imgonnatrythis@sh.itjust.worksEnglish
      4 hours

      There are already green index funds, hopefully we will see anti AI and anti billionaire index funds soon.

    • lemonhead2@lemmy.worldEnglish
      5 hours

      there are some brokers that let u pick your own allocations and directly buy the stocks not the index. but minimum is high iirc. also they don’t tell you the exact algorithm/allocations which makes me uncomfortable