Okay before we set off the alarm though, can someone tell me What percentage of these index funds will be SPCX and TSLA?
Like if both these stocks become penny stocks what happens to the indices?
Isn’t the whole point that they are hedged across the whole market?
As of January, TSLA was somewhere around 2.3% of the S&P [1]. Because SpaceX will have so little float available, it would be somewhere around 0.7% if included.
Ya, but this is a proof-of-concept rip-off. The fact that the indexes don't have our back is a huge problem.
loading story #48369855
loading story #48372751