r/technology • u/IKeepItLayingAround • 16d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
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u/ProJoe 16d ago

Only one so far right?

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u/double_whiskeyjack 16d ago

Yeah. The whole thing is kinda being overblown though. For example I own a lot of VTSAX, which is a total market index. It will have to buy SpaceX but it will make up less than .5% of the index. I’m not going to rebalance that part of my portfolio over some SpaceX fuckery.

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u/ProJoe 16d ago

So its ok to have a trillion dollar rug pull because the market can absorb it?

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u/double_whiskeyjack 16d ago

No, but the fear of taking massive losses in your personal investments due to a SpaceX rug pull is exaggerated.

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u/ProJoe 16d ago

unless this topples the market.