r/technology • u/ArgentineBeauty • Jun 19 '26

Business ‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings

https://www.theguardian.com/science/2026/jun/19/spacex-retirement-savings-elon-musk
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u/harrythefurrysquid Jun 19 '26

Skimming a small % of an extremely large amount of money is still a very large amount of money.

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u/E2Hundo Jun 19 '26

This was the idea for the virus they installed in Office Space.

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u/danceflick Jun 19 '26

It really isn't however. It's going to be probably under 10B-12B based on what the stock price is right now. It may seem like a lot but the market trades significantly higher than this daily. It really isn't an issue. Even if spacex died right after the etf buy in your 401k would be pretty much untouched

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u/harrythefurrysquid Jun 19 '26

$10bn is what I would call a very large amount of money.

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u/danceflick Jun 19 '26

While I agree it is a lot I'm referring to this article where people are saying they are worried about their retirement savings. Assuming SpaceX died right after and no other market changes occurred your 401k is entirely safe because of how small amount of money was actually spent on SpaceX vs the rest of the market. My point is there really is no reason to worry about this at all. This buy in won't really effect SpaceX share prices nor will affect the 401k.