“If I were the head of the California retirement fund, or the New York retirement fund, or one of these multi-billion-dollar retirement funds, I would just pick up the phone and call Vanguard and Fidelity to make me a new index that doesn’t include these companies."

SpaceX is a massive money loser. Soon you’ll be forced to buy it anyway | Fortune

As SpaceX, Anthropic, and OpenAI line up to go public, S&P Dow Jones is poised to waive the profitability rule that kept Tesla out for years.

Fortune (fortune.com)

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