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this post was submitted on 22 Jun 2026
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There was some concern that it would very quickly get included in relevant indices due to its size. That would trigger a bunch of funds that are based on these indices to have to automatically buy their stock to keep matching the index. Those specific funds are often included in 401K plan.
Last I heard that got blocked by the relevant authorities requiring a company to actually be profitable as a prerequisite to being included in these indices.
Edit/PS:
S&P blocked them. Nasdaq and FTSE did not.
https://www.cnbc.com/2026/06/05/spacex-blocked-from-early-us-benchmark-index-entry-as-sp-reaffirms-existing-rules.html
Edit2: If you are invested in any index funds and don't want Space X to be auto-included look into moving your money into a fund with Environmental, Social, and Governance (ESG) inclusion criteria. Governance at Space X is really bad. But you should be aware that does not remove exposure to Musks bullshit completely, because Tesla does pass the ESG checks.
I didn't see where it landed, either. Man, I sure hope it was rejected. It's losing money.
My understanding was that it would push SPCX into NASDAQ, skipping most of the process that is usually done, and that if your 401K had exposure to NASDAQ, then you'd be investing in SPCX....
Its going into the nasdaq 100 soon, but not all funds with exposure to nasdaq follow that.
Its good S&P said no, that would have been much worse.