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Do you have a source for the $30 million claim? It'd be nice to work out the math. Not _all_ of 401k funds / index funds are going to go to SpaceX.
by spikehoppins 4mo ago
Do you have a source for the $30 million claim? It'd be nice to work out the math. Not _all_ of 401k funds / index funds are going to go to SpaceX.
- smallerize 4mo ago*trillion The 12 largest companies in the USA together have that market cap, so probably not.
- chrisweekly 4mo agoyeah, trillion. 30m isn't even a vapor droplet.
- JumpCrisscross 4mo ago> Do you have a source for the $30 million claim? Index funds in total had about5 $7 trillion in 2021 [1]. [1] https://alexchinco.com/double-what-you-think-it-is.pdf https://alexchinco.com/double-what-you-think-it-is.pdf
- prepend 4mo agoAs of April, the combined market cap of index funds (including ETFs) is just under $21T. [0] Actively managed funds is $18T. And, for example, the S&P500 alone is $69T. [0] https://www.ici.org/research/stats/combined_active_index_0426 https://www.ici.org/research/stats/combined_active_index_042...