S&P Dow Jones Indices LLC is considering changes to rules governing how companies join the S&P 500 Index, a move that would potentially fast-track SpaceX’s entry after its IPO, people familiar with the matter said.
The rule change could mean that billionaire Elon Musk’s space transportation and satellite company would see a wave of billions of dollars in forced buying. Funds that track the index must buy newly added stocks, and roughly $24 trillion is tied to the S&P 500, according to Bloomberg Intelligence.
The index provider is engaging with stakeholders to determine whether there’s demand for changing rules, said the people. No decision has been made and S&P would still have to launch a formal consultation that would last several weeks before any change can be made, the people said.
AI companies already saturate 45% of the stock market. SpaceX is valued at 1.75 trillion dollars and it’s been taking in a loss as of recently so what?! Every retirement account will be forced to buy this IPO and this could be a pump and dump by the elites to do a consolidation of wealth and ruin the markets of fiat currency as they switch to stable coin.
The United States also has 4,000 to 5,400 active data center facilities whereas China hosts approximately 350 to 450 tracked data centers… so I’m here to tell you China is not the enemy.
I also find it interesting that Disclosure Day is coming out on Friday as well… they can’t push that Alien Agenda hard enough can they… I bet they will blame the economic collapse on the aliens too ✌🏻🤣
https://www.ft.com/content/59adbe42-ca30-47f3-9cda-5415945e9368
Posted by OddAdhesiveness8485
3 Comments
Short answer. Yes. It is a major pump and dump
I’ve never ever had an advert for an individual stock. I’ve had multiple for this ipo.
Disclosure day isn’t a great film and it tells you nothing at all. It only tells you that the government knew about the aliens.