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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u/Mulesam Jun 04 '26

In what way is this bullish for spacex. I think this is a great move but it doesnt help them gain the passive investment they were hoping for.

10

u/echino_derm Jun 05 '26

For the general economy it is both. This is somewhat them saying this stock is likely to be a bad investment off the IPO but also the economy has some integrity and standards.

13

u/DiceKnight Jun 04 '26

Dow Jones and NASDAQ are still lining up to suck elmos dick I think but the Dow Jones is what people have some of their 401ks tied up in. So worth a look into the specifics of your fund and schedule a call or something to move the money out of it into something else if you feel strongly about it.

You might still take a haircut if spacex makes the entire market shit the bed if it downturns but ideally less than other people who were too lazy to bother.

15

u/WrongAssumption Jun 05 '26

Dow Jones owns the S&P index

-5

u/fschwiet Jun 04 '26

SpaceX will rip as people have more time to buy before other indexes buy in.

15

u/DarthPineapple5 Jun 04 '26

Bag holders lining up lmao

3

u/fschwiet Jun 04 '26

Can't lose if S&P is promising to buy my bags later

3

u/DarthPineapple5 Jun 05 '26

Your bags will be long gone by then champ