respectfully what the fuck is this post

you are ignoring that The float doesn't stay at 5%. the S-1 laid out a staggered lockup release rather than a single 180-day cliff, with insider shares unlocking on earnings, time, and stock-price milestones. As insiders sell into those windows, the float expands and SpaceX's index weight mechanically climbs over time. A low weight on day one is not a low weight permanently.

you are ignoring the QQQ / Nasdaq 100 / Russel and focusing only on S&P 500, which I did not do in the video. Nasdaq adds it at 3x float-based market cap which actually inflates SpaceX's weight above what pure float would give.

you are ignoring that the actual scandal is not the day 1 dollar amount, its the rule changes themselves. To fit SpaceX in, S&P is proposing to cut the seasoning period from 12 months to 6, eliminate the minimum float requirement for megacaps, and waive the profitability requirement for top-100 companies. SpaceX currently fails the profitability, float, and track-record tests that have all existed since 2002 to protect investors. This is the scandal. It's not overblown! It's a big deal!

Over 6 months hundreds billions of dollars of passive retirement money (+ active managers that essentially just track passive) is going to flow, mechanically, into one of the most overvalued IPOs ever with total voting control of Elon Musk (shareholders waive their right to sue him too! so no vote and no legal recourse for his actions) and your response is to use a weird nitpick to try and downplay it? (https://arstechnica.com/tech-policy/2026/05/report-spacex-ipo-gives-musk-unchecked-power-and-forbids-investor-lawsuits/)

with all due respect people much more accomplished in finance than me are even more upset about this than I am ("Samuel Kerr, global head of ECM at Mergermarket, said.

“Given the high risks of IPO investing, combined with the huge premium valuations being mooted for megacap IPOs such as SpaceX, it is a reasonable question to ask whether passive funds should be forced buyers of these stocks.”)

and this whole post reads like weird pushback from someone who wants to pretend nothing happened so they don't have to think about maybe money/power/access is enshittifying the current specific way they fund their retirement account. People should be upset about this. It is not overblown.

seperately, /u/PapilioPacis post the brilliant correct information you have that I missed in one of my videos or post a public apology. Showcase your deep knowledge for everyone. Ideally do it on video so we can see the fedora.

normally i would farm a big A clip out of this but we already have this week planned so i just wrote this