Index providers are changing requirements to adapt to SpaceX IPOs. This is a good reason to give another thought to pros and cons of passive investing.
x.com
Rule changes for the SpaceX $SPCX IPO: Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5. This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations. Bloomberg Intelligence estimates S&P