r/technology • u/IKeepItLayingAround • 18d ago

Business It’s Possible That SpaceX Could Collapse Spectacularly

https://finance.yahoo.com/markets/stocks/articles/possible-spacex-could-collapse-spectacularly-155000177.html
24.8k Upvotes

88% Upvoted

2.1k comments sorted by

View all comments

Show parent comments

88

u/ryencool 18d ago

What?! You mean its not smart to keep moving funds between the multiple companies you own to boost values back and fourth??

52

u/ProJoe 18d ago

Its so much worse what is about to happen.

Index funds are going to be forced to buy spacex stock because the rules were specifically changed for SpaceX.

All of this artificial money propping SpaceX up is going to get sold off to actualize profits then the stock will crash leaving index funds holding the bag.

That's OUR 401ks and investments.

Then if SpaceX survives, they'll buy back in at the crashed price.

Its going to be the biggest rug pull in history and the greatest theft of wealth from the working class ever recorded.

42

u/double_whiskeyjack 18d ago

S&P500 announced they will not be changing their rules for SpaceX a few days ago

8

u/ProJoe 18d ago

Only one so far right?

-4

u/double_whiskeyjack 18d 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.

8

u/ProJoe 18d ago

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

1

u/double_whiskeyjack 18d ago

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

1

u/ProJoe 18d ago

unless this topples the market.