Comment by karmakurtisaani
10 hours ago
It should still take a year until it's added to the indices, no? At least that's how I understood the SpaceX case: Elon wanted to rush it and get it done in 6 months.
So there's still hope that the bubble pops before the funds are poisoned.
If they list on the Nasdaq, recent changes mean they can now be added after 15 days, instead of 12 months.
https://www.etfstream.com/articles/spacex-to-ipo-on-nasdaq-a...
Ouch, I wasn't aware it got shortened so much! Yep, this is truly terrible.
lol, they reduced the wait time drastically last year I think it's a few weeks now.
I wonder if this means solid 10% yearly returns from SP500 is finally over..
Indexes forcing investing will prop the bubble up. It will burst when nobody expects it after a massive IPO pop which makes believers even of the skeptical.