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Index Fund Investing Has Been Flawless for 33 Years, but the SpaceX IPO Threatens to Break Everything
The Motley Fool·
SpaceX's anticipated June 12 IPO with a $1.8 trillion valuation is forcing index providers to waive profitability requirements and accelerate inclusion timelines, compelling $30+ trillion in passive retirement funds to buy shares at IPO valuations. Critics warn the company's massive losses, capital-intensive model, 96x sales valuation, and insider share dumping plans could drag down market-cap-weighted indexes and threaten three decades of stable index fund investing.
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