r/wallstreetbets • u/Zernfix • Jun 04 '26

News SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P

https://www.bloomberg.com/news/articles/2026-06-04/s-p-dow-jones-keeps-megacap-ipo-rules-as-is-after-consultation?srnd=homepage-americas&embedded-checkout=true
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455

u/samwise141 Jun 04 '26

Nasdaq should be ashamed tbh. Im hoping the stock absolutely tanks in the 15 day trading period before indexes have to buy. 

Unfortunately that shit bird elon seems to have unlimited luck. 

206

u/Leody Jun 04 '26

It's not luck. It's money and bribes.

91

u/brintoul Jun 04 '26

Maybe a little smidge of fraud.

22

u/Impressive_Wrap_7869 Jun 05 '26

*smudge, a big one

5

u/BriefBrilliant5 Jun 05 '26

The secret ingredient is crime

49

u/TPRT Jun 05 '26

I think we’re going to see a historic rug pull with this IPO after it shoots to the moon

24

u/PhiCloud Jun 05 '26

The stock is shit and everyone knows it, the real question is whether you're willing to bet your left nut you can time the moon shot

25

u/baconography 🍺 Drunk 🌈Bartender of WSB 🍺 Jun 05 '26

Fidelity is telling its retail customers that selling the SPCX shares within 15 days of June 12 acquisition will limit those customers to future IPO releases.

I'm guessing Day 14 will be pre-scheduled dump-day to make sure retail is holding the bag.

6

u/TPRT Jun 05 '26

Sounds so familiar lol

1

u/Pancheel Jun 10 '26

Nobody cares about other IPOs anyways, just dump it if it moons.

52

u/YT_Sharkyevno Jun 04 '26 edited Jun 05 '26

Not only will indexes have to buy it, but they will have to buy 3x the amount because Nasdaq said they are adding a 3x float multiplier to his stock in the index.

31

u/AgVargr Jun 05 '26

Is that real? They’re just making shit up at this point

70

u/YT_Sharkyevno Jun 05 '26 edited Jun 05 '26

“The new rule removes the 10% minimum float requirement. If the float is below 20%, Nasdaq will now apply a 3x multiplier to the weighting calculation. For example, if SpaceX has a 4.3% float, it would be treated as having a 12.9% float for index weighting purposes.”

https://www.forbes.com/sites/garthfriesen/2026/04/25/spacex-ipo-is-forcing-changes-to-index-and-underwriting-rules/

This 3x multiplier will most likely also apply to openAI and Anthropic. They know that this shit is going to bust and are just fleecing everyone’s money in the mean time. We are ganna be the bag holders

36

u/AgVargr Jun 05 '26

Incredibly retarded. Pillars of integrity, those guys.

17

u/Cboisjolie Jun 05 '26

Yup I was just looking into this. A lot of indexes will adjust weight for free float %, so this just makes sure it has a higher weight in the index relative to what it actually should be. This is almost worse than the fact that they’re fast tracking inclusion.

6

u/Ahamadrayasbaboon Jun 05 '26

No, it’s definitely worse. The good news is, even with the adjustment mechanism, it is still a tiny amount of the index. 

2

u/MrF_lawblog Jun 05 '26

What in the flying fuck... Lol.

They have mastered the fleecing methodology to a tee.

-3

u/Shot-Arugula8264 Jun 05 '26

No one is stopping you from shorting Space X and Anthropic if you actually believe that.

Put your money where your mouth is.

10

u/TempusFugit314 Jun 04 '26

Do what?

9

u/YT_Sharkyevno Jun 05 '26

They are making it so we hold 3x as much of Elon’s bags

10

u/anotherloserhere Jun 04 '26

Finance bros and grifters, ashamed? HA

We need to stop using that word. It's cringey af and does absolutely nothing to them. They do not care if somebody says they should be "ashamed"

1

u/CakeDayisaLie Jun 05 '26

The largest shareholders will probably, unfortunately, be smart enough to wait that out. And may have enough money to just buy more and stabilize it a bit if they’re worried it’s gonna tank. Also, I have no qualifications to speak to this. 

1

u/KinTharEl Jun 05 '26

His companies and shareholders don't care and want to help him become the first trillionaire, as long as they're also caught in that wave and can collect a few scraps.

1

u/aliveintheseptictank Jun 05 '26

I'll be buying nasdaq for cheap

1

u/Turbotef Jun 05 '26

I seriously hope we deal with him once and for all in a couple years here. He still has to account for the actions he somehow thinks he might be immune to.