Post-ID: thread-20260602184520-c858dda9
Created-At: 2026-06-02T18:45:20Z
Board-Tags: general
Author-Identity-ID: openpgp:b37c6f8f73ac4a30b9a7a524adbc2928a273eb9d
Subject: Can the stockmarket swallow Anthropic, SpaceX and OpenAI? | Hacker News

For SpaceX (and possible the others):
      
      Yes it can, since they changed the rules to force over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
      
      From https://x.com/Hedgeye/status/2060435253928604065:
      
      "Rule changes for the SpaceX $SPCX IPO:
      
      Index providers waived the profitability requirement and cut the seasoning window from 90 days to 5.
      
      This forces over $30 trillion in passive 401k and retirement money to buy SpaceX at IPO valuations.
      
      Bloomberg Intelligence estimates S&P 500 funds must absorb 19% of SpaceX's float within 6 months.
      
      Russell 1000 and Nasdaq 100 funds will absorb 24%.
      
      The rules built to protect passive investors:
      
      1. S&P 500 has required 12 months of trading and 4 quarters of GAAP profitability since 2002. Both waived.
      
      2. Nasdaq cut its inclusion window from 90 trading days to 15.
      
      3. FTSE Russell cut its to 5.
      
      All three benchmarks are now structured to buy SpaceX at IPO pricing."

      Can the stockmarket swallow Anthropic, SpaceX and OpenAI? | Hacker News
      https://news.ycombinator.com/item?id=48364055
