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_ink_ | on: SpaceX bond worth 10% less than issue price – heading for junk bond status
I am really curious for what reason they choose to do it? Like what is in for Nasdaq?
jkaptur | parent | next
Putting cynicism aside (there's plenty of that here already): there is a theory that people invest in index funds because they don't want to pick individual stocks. They want exposure to "the public stock market as a whole". I think there are good arguments on both sides of including SpaceX in such an index.
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Ekaros | parent | next
Getting a very popular stock on their exchange. Directly making money from it.
fluoridation | root | parent | next
But on the other hand, it burns trust to change the rules on the fly.
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lokar | root | parent
Yes. This was a deal: add us to the index and we will list on your exchange.
throw1234567891 | parent | next
The president may throw a tantrum that “some crazy democrat throws stones under the feet of that beautiful Elon, the most beautiful Elon we ever had”. Better do what the new Tzar wants. Dude was sent here apparently by the God, don’t mess with the God.
ar_lan | root | parent | next
I thought Elon and Trump broke up?
throw1234567891 | root | parent
Have they? Maybe some spacex investor is the “most beautiful we ever had”.
riffraff | root | parent
Musk and Trump had a pretty public break up, I think this is one fuckup where we shouldn't blame him.
CamperBob2 | root | parent | next
https://en.wikipedia.org/wiki/Kayfabe
| root | parent
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throw1234567891 | root | parent | next
Maybe Trump has money in it. Who needs friends when you have money. “It’s just business”. No idea, I don’t really follow this soap drama.
reaperducer | root | parent
You're six months out of date. They're buds again.