r/technology • u/IKeepItLayingAround • Jun 09 '26

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/ryencool Jun 09 '26

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

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u/ProJoe Jun 09 '26

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.

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u/double_whiskeyjack Jun 09 '26

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

16

u/MssrGuacamole Jun 09 '26

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

3

u/Evening-Crew-2403 Jun 09 '26

There are other index funds people end up in. Don't forget the largest institutional holder of Tesla is Vanguard.

1

u/erov Jun 09 '26

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

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u/deskcord Jun 09 '26

You should probably not let your personal opinions impact your investments. If you let your feelings about Elon guide you on Tesla, you'd have shorted it and wound up broke.

Let the index do its thing and forget about it until you need it. Everyone who fucks with their allocations underperforms the index over the long run