The SP500 refused to allow SpaceX in on an accelerated schedule, so its usually vetting process would still apply (12 months of public trading, positive earnings for a period of time, etc).
So right now, SP500 is one index fund that isn’t taking a risk on SpaceX, which I, in my tiny knowledge of stocks and finance, appreciate.
They’re making an exception to put it into index funds more quickly than is ordinarily allowed, so a lot of normal people might end up holding it too…
That is a great point.
The SP500 refused to allow SpaceX in on an accelerated schedule, so its usually vetting process would still apply (12 months of public trading, positive earnings for a period of time, etc).
So right now, SP500 is one index fund that isn’t taking a risk on SpaceX, which I, in my tiny knowledge of stocks and finance, appreciate.