Comment by xiphias2
1 day ago
Elon negotiated with Nasdaq to automatically accept it in Nasdaq 100 index after 15 days, so the stock traders don't really matter.
1 day ago
Elon negotiated with Nasdaq to automatically accept it in Nasdaq 100 index after 15 days, so the stock traders don't really matter.
I asked about this in previous HN discussions. The old rule: You had to wait three months. Is there a meaningful economic difference between waiting 15 days or ~90 days? I don't see it. (For transparency: I own ETFs that track the S&P 500, which has lots of overlap with Nasdaq 100.) To be clear: OpenAI and Anthropic will sure IPO this year or next and have a similar effect -- they will be (or nearly) trillion dollar market caps upon listing.
Can you point me to a source that actually says that Elon influenced the Nasdaq?
The whole thing stinks, and we can create stories since some incentives are obvious.
Stock traders do matter since 30% of stock is aimed at retail (very unusual % - what is the norm?)
More info here: https://www.youtube.com/watch?v=-X6YzlY_8tM (sorry, video)
> SpaceX has successfully lobbied the Nasdaq stock exchange to loosen rules governing how and when it adds companies to its Nasdaq 100 index – a group of large-cap companies that it bills as “fundamentally sound and innovative.”
https://techcrunch.com/2026/05/21/how-elon-musk-will-increas...
I’m sure the going of public of the large AI companies wasn’t on Nasdaq’s mind at all.