4 ms·
Well it’s just the S&P. Other big indices may include it eg the Russell 3000. But it’s not quite as big of a deal as it seems because the market cap on which th
by asdfasgasdgasdg 5mo ago
Well it’s just the S&P. Other big indices may include it eg the Russell 3000. But it’s not quite as big of a deal as it seems because the market cap on which they scale is the float not the whole value of the company.
- zugi 5mo agoThanks for pointing this out! It seems obvious in retrospect, but the fact that SpaceX will be "valued" at $1.75 trillion after the IPO is irrelevant when only $75 billion worth of its stock will be publicly traded. $75 billion in float-adjusted market cap puts it around 180-190th in the S&P 500. So sure, it will likely get in there eventually, but there's no rush to bend the rules to get it in right away.
- tananaev 5mo agoWait until you hear about float multiple Nasdaq is doing.
- renegade-otter 4mo agoSpoiler alert - it's 5X for this.