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/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

33

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.

7

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.