alt Hacker NewsAnd taking everyone's 401ks down with them because of the idiotic rules changes to accommodate SpaceX? Its going to be the largest transfer (theft) of wealth since 2008. AI is the only thing driving any kind of growth in the market at all now. That pops, its going to bring the entire economy down with it.
The vast majority of index funds are float adjusted. SpaceX will not have that many shares available relative to the total value of the company. It's a negligible percent of the overall market cap of say, VTI. This commonly repeated trope is misinformation. The change in rules is more of a problem than the actual value.