Re:S&P 500 rejects SpaceX, also blocking entry for OpenAI an...
by fny on Saturday June 06, 2026 @07:39PM
(#48430233)
Forget AI. Any company in the S&P could set fire to their entire business in a pivot to Labubus.
A certain amount of required scrutiny and experience derisks that possibility. Also remember pre-IPO the valuation isn't set by the broader market, so you don't know if any of these valuations are even real. Do we want to set a precedent where banks can put any price tag they want on pig everyone is forced to buy?
Once these companies go through the same process Google or any other S&P member did, they're welcome to join the party.
A certain amount of required scrutiny and experience derisks that possibility. Also remember pre-IPO the valuation isn't set by the broader market, so you don't know if any of these valuations are even real. Do we want to set a precedent where banks can put any price tag they want on pig everyone is forced to buy?
Once these companies go through the same process Google or any other S&P member did, they're welcome to join the party.