Ok, y’all…some good news! The S&P index told #SpaceX Karen and the #AI bros to suck socks until they show a profit. Ther...

Ok, y’all…some good news! The S&P index told #SpaceX Karen and the #AI bros to suck socks until they show a profit. There will be no rules relaxed, no guardrails bent. They can meet the standards of the rest of the index, or they can fuck off back to their lairs. Why does this matter? Everybody’s #retirement plan is tied to the S&P. Swift entry into the #SP500 would have triggered $14 billion of passive fund buying for SpaceX. #OpenAI could have gained more than $8 billion, and #Anthropic could have netted $4.6 billion from similar passive buying sprees triggered by their S&P 500 entries.This is because $7.5 trillion in passively managed funds follow the S&P 500 by purchasing shares of companies according to their proportional representation in the S&P 500 index.This is under the radar, but very good news. Now if we can get the other indices to do the same…https://arstechnica.com/tech-policy/2026/06/sp-500-blocks-fast-spacex-entry-wont-waive-rule-for-unprofitable-ai-firms/#investment #...