Subject: Re: Control Panel: SpaceX! and inflation

The S&P 500, however, is sticking to its current rules and will evaluate SpaceX for inclusion after about a year…[end quote]

I wonder if S&P will continue to refuse to drink the Kool-Aid, as people redeem shares to buy the new hotness?

The S&P 500 already made a big call on SpaceX stock and index fund investors need to know it

Faced with a new era of mega-cap stocks — with OpenAI and Anthropic expected to follow the SpaceX IPO on Friday with huge offerings pushing them into the territory of the largest publicly traded companies in the U.S. on day one — the index manager was forced to make a call on whether to move up its standard 12-month waiting period for new stocks.

Unlike the S&P, index committees for the Nasdaq and Russell market benchmarks said they would update their rules. In the simplest terms, here’s what that means for core U.S. market index fund investors.

“If you want SpaceX, you’re not buying the S&P 500. You’re going to buy the NASDAQ 100 or the Russell 1000,” said Strategas Securities chief ETF strategist Todd Sohn on this week’s “ETF Edge.”

https://www.cnbc.com/2026/06/1...

Steve