alt Hacker NewsWhy are they being fleeced? If people didn't want to buy SpaceX they could buy some other ETF that doesn't include it. If there's enough of a demand I'm sure ETFs will be offered which include all the big indexed stocks except SpaceX.
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throwaway290 • yesterday at 8:17 PM
Yes Americans will definitely move their 401k over this /s
Its fleecing because it basically takes everybody's money and gives it to support musk's money loser xai. SpaceX net profit 8 billion per year (previous years much less) and Xai was net losing 1.5 billion per quarter.
Restructuring every ETF to be S&P but prior rules and no SpaceX would be enormously difficult.