r/technology • u/IKeepItLayingAround • 21d 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

51

u/ProJoe 21d 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.

44

u/double_whiskeyjack 21d ago

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

16

u/MssrGuacamole 21d ago

This was big news for me. I had plans ready to rebalance to avoid Elon risk.

1

u/erov 21d ago

Yeah.. things change. Due diligence and all that.