<p>While you might want to ignore all the hubbub around <a href="apnews.com/article/musk-spac…">SpaceX</a>, Elon Musk and IPOs, your 401(k) likely can’t.</p>
<p><a href="fortune.com/company/spacex/" target="_blank">SpaceX</a> is now worth $2.1 trillion after its stock launched 19.2% higher in its debut on Wall Street. Whether or not you believe it deserves to be worth more than <a href="fortune.com/company/exxon-mo…" target="_blank">Exxon Mobil</a>, <a href="fortune.com/company/bank-of-…" target="_blank">Bank of America</a> and <a href="fortune.com/company/coca-col…" target="_blank">Coca-Cola</a> combined, the collective market does. And if SpaceX maintains that big a value, it will join some high-profile stock indexes.</p>
<p>Many of these indexes don’t care about how realistic a company’s growth plans are or who its CEO is. They’re simply trying to show how slices of the market, or the whole thing, are performing. And if SpaceX is big enough to meet the qualifications to join those indexes, whether it’s in a few weeks or a year, it will gain entry.</p>
<p>That matters for investors and their 401(k) accounts because they’re depending more than ever on funds that simply mimic these indexes. It’s a lower-cost way to invest, allowing savers to keep more of their investments. Partly because of that, such index funds have usually proven to be better performers than funds that try to pick and choose individual stocks.</p>
<p>Just one in five actively managed U.S. stock funds survived and beat their average index peer over the last decade, at 21%, according to Morningstar’s data through 2025. Such disparities in performance meant investors had more money invested in U.S. index funds than actively managed ones beginning in 2024, and the gap has only grown since then.</p>
<p>Here’s a look at what’s going on:</p>
<h4 class="wp-block-heading">What indexes are</h4>
<p>They’re things the investment industry has created to answer the question: What is the market doing? It’s otherwise tough to answer quickly when the U.S. market has thousands of stocks moving in different directions at any moment.</p>
<p>The S&P 500 is perhaps the most famous and influential index. It tracks 500 of the biggest U.S. stocks, and trillions of dollars in investments are either directly mimicking it or at least benchmarking themselves against it.</p>
<p>The <a href="fortune.com/company/dow/" target="_blank">Dow</a> Jones Industrial Average is well known because it’s been around since the 19th century, but it tracks only 30 big stocks so Wall Street pays it little attention.</p>
<h4 class="wp-block-heading">Companies want to be in indexes</h4>
<p>Because index funds are the way so many investors put money into the stock market, companies want to be part of indexes. Stocks can see a big jump in their prices after S&P Dow Jones Indices, <a href="fortune.com/company/nasdaq/" target="_blank">Nasdaq</a>, FTSE Russell or other companies announce they’ll be joining their indexes.</p>
<p>The investment industry has created funds, including both traditional mutual funds and exchange-traded funds, to track almost every kind of index. More than 1,000 index funds were available at the end of last year, according to the Investment Company Institute. Of them, 185 tracked the S&P 500.</p>
<h4 class="wp-block-heading">SpaceX could soon be in indexes</h4>
<p>Nasdaq changed its rules to allow some huge companies to join its Nasdaq 100 index after just 15 trading days. That’s a break from the past, where it would wait until each December to add new members in an annual reconstitution to make sure it includes the 100 largest non-financial companies on the Nasdaq.</p>
<p>Some popular funds track the Nasdaq 100 index, including the QQQ exchange-traded fund from Invesco that has roughly $477 billion in total investments. That means QQQ holders could soon own shares of SpaceX, without doing anything on their own.</p>
<h4 class="wp-block-heading">Other AI giants could as well</h4>
<p>Anthropic and OpenAI are two other huge AI-related companies looking to sell their own stocks soon on a U.S. exchange for the first time. Their IPOs could potentially make each worth close to $1 trillion.</p>
<p>It used to be that companies would have an IPO long before they got that big. But SpaceX, Anthropic and OpenAI swelled to tremendous sizes thanks to dollars from private investors, including pension funds, companies and rich investors, away from the public market.</p>
<p>That’s forcing the reconsideration for the investment industry about how quickly to add companies to indexes that they say track the biggest companies.</p>
<h4 class="wp-block-heading">Not every index is making changes to fast-track big IPOs</h4>
<p>The company behind the S&P 500 is <a href="apnews.com/article/sp-nasdaq…">not making changes</a> to allow SpaceX and other “mega” IPOs faster entry into the index. For it, a stock needs to trade on an eligible exchange for at least 12 months before it can join the index.</p>
<p>Not only that, S&P Dow Jones Indices also requires companies to have made a profit in its most recent quarter and over the sum of its last four quarters.</p>
<p>SpaceX <a href="apnews.com/article/spacex-ip…">lost $4.9 billion last year</a> and another $4.3 billion through the first three months of 2026. It acknowledges that it “may not achieve profitability in the future.” Over the long term, a stock’s price tends to track with how much profit the company is making.</p>
<h4 class="wp-block-heading">Not everyone is happy about SpaceX’s IPO entry to indexes</h4>
<p>Officials from pension funds for firefighters, teachers and other workers in California and New York sent a letter to SpaceX last month decrying its corporate governance, including how much power Musk will hold over the company through his ownership of a special class of stock with more voting power.</p>
<p>They said they could become owners of SpaceX stock because they hold index funds.</p>
<p>If Musk is able to control so much of the voting power on the board of directors, it would make him tremendously powerful atop SpaceX, “essentially making him unfireable without his own consent,” the CEO of California Public Employees’ Retirement System, the New York state comptroller and the New York City comptroller wrote in their letter.</p>
<h4 class="wp-block-heading">If an investor doesn’t like certain companies in the index</h4>
<h4 class="wp-block-heading"></h4>
<p>Index funds track indexes. And if a stock is in an index, the index fund will buy it, even if investors may not like it.</p>
<p><a href="fortune.com/company/tesla/" target="_blank">Tesla</a> has remained in the S&P 500 even though critics called it overvalued for years, for example, and Musk’s electric-vehicle company has grown to become one of Wall Street’s 10 biggest companies.</p>
<p>Some indexes say they will not include companies that have poor corporate governance standards or other narrowed criteria, but investors need to look for them.</p>
<p>The S&P 500 ESG index famously <a href="apnews.com/article/elon-musk…">kicked Tesla out in 2022</a>, for example.</p>
<p>This story was originally featured on <a href="fortune.com/2026/06/13/space…" target="_blank">Fortune.com</a></p> fortune.com/2026/06/13/space…
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With the hubbub around Elon's trillion dollars. I ran the numbers on 4/98 Simpsons episode where Mr. Burns had a 1 trillion dollar bill. It has lost over 50% of it's value in today's money.
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Most of the letters were written in the hubbub of camp on stumps pieces of bark drum heads or the knee.
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Glad you’re ok 👍 Houston is absolutely crazy right now because of the World Cup, apparently there is a Tx gop convention right now too and then the usual hubbub downtown on Saturday.
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Seeing all hubbub a few days back on that Metroidvania tier list reminded me I'm probably the lone Bunny player left on this site. Decided to boot it up again and, yeah still my favorite of the genre.
Still got those clutch parries... tho they make me play way too aggressive
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Lol. What an interesting thought process after the hubbub. xD
Have fun with the trees Hime. 😁✨
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So I’m wondering what the hubbub is all about here. Is this a subtle reference to the h1b visas being revoked? Or is this just a sky is falling in real estate trend chase similar to the other 50 that chicken littles have been chirping about for the last 4 years?
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I’ve watched matches for numerous leagues in multiple countries that either use the graphic of red cards or a reference to the number of players that remain. Not sure what the hubbub is about. The same game in the photo went down to 10 v 9. Some people just want to complain.
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It's very clear she's wearing a wig every time we see her so the hubbub is so goofy.
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I think it's cute that fox thought this so newsworthy they put it on their digital platform to spare the tv audience all the hubbub.
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All the hubbub about Tulsi Gabbard releasing the information about your beloved Nazi heroes in Ukraine cooking up biochemical weapons. I'll be dipped. Not a word from you. I wonder why. I know why. The world's gonna find out soon enough.
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🔞 🐰 Bunny 🐰 🔞 retweeted
Jun 12
The Bombchu Girl's Legs | LoZ:OoT
kept seeing all this hubbub about the Bombchu Bowling Alley girl and I had to throw this together lol
#feet #ocarinaoftime #bombchu #footfetish
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Just saw the movie with my mom, husband and daughter. We all enjoyed it very much. As devout Christians I don’t see what all the negative hubbub was about. It’s pretend. A good summer movie 🍿 👍🏼
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i think of the three wise men who came to visit baby Jesus, they were probably astrologers of some sort. big hubbub in the sky when He was born, too.
i saw a tarot reader the day before i was saved. they called me "stubborn".
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I’m neither quite a Yankee nor a Southerner, I’m a Wyomingite. We were settled by plenty of both during Reconstruction (Same Era as Meiji, for Nobunaga’s reference) and became a special place for people in general who wanted a clean start away from all the hubbub of the major cities of either coast, or the competition from the long established rural communities in most other regions.
We LOVE our Biscuits and Gravy, and, indeed, many of us survived on it.
It arose in part from finding ways to make hard tack more palatable for pioneers. Then using fresh baked biscuits became the norm.
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The “hubbub historians” as well as many scholars from the west and here are more concerned about the evidence which must please their intellect.
That's kind of a shifting the onus against us, a logical fallacy they are committing based on sheer epistemic narcissism.
It's interesting how lay people (typically not scholars or Indologists) underestimate the intellectual rigour and continuity of India's indigenous traditions.
They tend to apply the same framework they apply for the Middle East to India.
Iraqis forgot about Hammurabi, Ashurbanipal, et al., Egyptians forgot about Khufu, Hatshepsut, et al.; Arabs forgot about Gindibuʾ, Karibʾīl Watār, et al.
These figures were (re)discovered by archaeologists and epigraphers in the 18th-20th centuries.
The accounts of az-Zabbāʾ/Zenobia in medieval Islamic historiography drew from both indigenous (Arab, Syriac) & Greco-Roman/Byzantine sources while the account of Dārā (Darius III) in Firdawsī's Šāhnāmah drew almost entirely from the Alexander Romance tradition (via Syriac translations from Greek, which were later translated into Pahlavi/Middle Persian)
Therefore, it must stand to reason than Indians also must've forgotten the names of rulers like Candragupta, Aśoka, etc. prior to the arrival of Westerners, no?
Yet this is clearly not true.
Although the Brāhmī script used in the inscriptions had changed so much as to be unrecognizable, Candragupta (Sandracottus of the Greeks) was well known through texts and plays like Viśākhadatta's Mudrārākṣasa, which were completely independent of Greco-Roman sources like Megasthenes.
The names of Aśoka Maurya and his sons Daśaratha and Samprati are recorded in the Puranic vaṃśāvalis and he is glorified in Buddhist sources such as the Divyāvadāna (which contains a section known as the Aśokāvadāna) and Srilankan chronicles like the Dīpavaṃsa and Mahāvaṃsa.
A manuscript of the Divyāvadāna in Sanskrit (or Sanskritized Prakrit) was discovered in Nepal in 1824, so the text was continually being copied.
One could argue that modern Persians had no knowledge of Old Persian for over 1,500 years (until the script was deciphered in the 19th century) and minimal knowledge of Avestan.
The Zand and Dēnkard commentaries composed by medieval Zoroastrians dasturs and mobeds often differs from modern philological readings.
Yet in the case of the Vedas, there is a largely unbroken chain or recitation reinforced by the śikṣās, prātiśākhyas, etc. and interpretation based on the Nirukta (the Naighaṇṭuka, Naigama, Daivatakāṇḍa-s of Yāska), Vyākaraṇa (Aṣṭādhyāyī Vārttikas Mahābhāṣya, along with the Uṇādisūtras and Phiṭsūtras), etc.
Therefore, the commentaries by Bhaṭṭabhāskara, Sāyaṇa, Veṅkaṭamādhava, Skandasvāmin, Mahīdhara/Uvaṭa are quite close to modern philological interpretations, simply because formal study of Sanskrit (including Vedic Sanskrit) never truly disappeared in India.
Even the study of the medieval Prakrits never disappeared among the Hindus and Jains.
Most people nowadays think of the 16th century grammarian Mārkaṇḍeya as the final Prakrit grammarian, yet Rāmaśarman Tarkavāgīśa composed his grammar of Prakrit and Rāmapāṇivāda composed his Kaṃsavaho and Usāṇiruddho less than two centuries before Norwegian-born German Indologist Christian Lassen's published his Institutiones Linguae Prakriticae.
When it comes to continuity, one can't treat the Indian Subcontinent the same way as the Middle East, Iran, or Central Asia, yet the fact that they rehash the same arguments regardless just highlights that these sorts of arguments (whether applied to India OR the Middle East) are ultimately rooted in racial paternalism ("the White Man's Burden," yet applied to history).
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I didn’t see the original interaction myself, but was their supportive comment not posted directly on his post announcing the intent to re-release Testify to Love as an anthem to support homosexuality? I thought that’s what the hubbub was about.
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While you might want to ignore all the hubbub around SpaceX, Elon Musk and IPOs, your 401(k) likely can't.
wowktv.com/news/u-s-world/ap…
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