this post was submitted on 19 Jun 2026
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445
SpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investors (www.forbes.com)
submitted 1 week ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] goffredo@lemmy.world 7 points 1 week ago

That is a great point.

The SP500 refused to allow SpaceX in on an accelerated schedule, so its usually vetting process would still apply (12 months of public trading, positive earnings for a period of time, etc).

So right now, SP500 is one index fund that isn’t taking a risk on SpaceX, which I, in my tiny knowledge of stocks and finance, appreciate.