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Comment by anonu | Hacker News Reader

It's an irrelevant point because ETFs incorporate more than just US stocks. You have global stocks (tens of thousands), options (a million expirations), bonds (3 million cusips) , crypto, futures, and the list goes on. And it becomes a combinatorial exercise...

The article is pointing out the lack of publicly listed companies in the USA. But we also have private stock in ETFs now. And not to mention a handful of blockbuster IPOs on the horizon, like SPCX.

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It also just seems like a bizarre thing to care about.

"There are more user playlists on Spotify than songs!"

Well yeah, of course there are?

Breaking news: Number of potential combinations of set elements rumored to _far exceeds_ the cardinality of said set! Populace baffled!

That still tells you information that could be useful or important - That there is a lot of demand for these playlist things. People must be using them opposed to individual songs or albums.

Yeah, ETF is a function of strategy, asset, financing methods and many other things. Varying leverage alone can multiply one ETF into 3 or 4. Other than showing that there's more risk in a collapse than just the single security I'm not sure what I'd do with this information.

I hope to god "investors" don't fall for the "blockbuster" IPO of SPCX.

Remember in 2008 when Standard and Poors was giving AAA ratings to junk CDOs at the investment banks behest?

SPCX isn't going to collapse the global financial markets, but the exact same shady rules changes and suspect IPO structure reeks of banks trying to pull the wool over retail's eyes.

> I hope to god "investors" don't fall for the "blockbuster" IPO of SPCX.

Elon would never leave that to chance, he made sure it doesn't matter if investors "fall" for it or not by bullying the indexes into suspending their 1-year rules specifically to get SPCX (and everyone's 401k) bought in within 15 days. If you use indexes you're buying SPCX right out of the gate whether you like it or not.

> bullying the indexes

Bullying with a fat check, yeah. Corruption in this country is off the charts right now.

TSLA was a $60bn company when Musk made his equity milestone deal in 2018. He had a 10 year horizon to 10x TSLA to $650bn. He did it in 2.

SPCX is maybe $1.25tr now - and he has a similar equity milestone deal to just 5x to $7.5tr. Its a big number. For comparison, NVDA is already $5.2tr+

So my guess is people will assume any investment in SPCX will be a 5x return in a short period of time.

Also a company this large will get swept into many indexes, including the S&P500 - so most investors will own it by default.

It would be more impressive if Tesla was actually growing...

That was before Elon went insane. His Trump alignment, and Nazi symbolism, has significantly hurt Tesla's sales. Tesla used to be the only American car that foreigners would buy. That is gone.

They rebounded in 2026 in the EU after a terrible 2025 only because of very high gas prices, and EU for the time being, blocks Chinese EV imports.

https://www.msn.com/en-us/money/companies/tesla-logs-strong-...

Australia does not block Chinese EVs and Tesla has lost the market.

https://thedriven.io/2025/05/12/how-tesla-surrendered-its-do...

From what I hear Chinese EVs are dominating the South American and African EV market.

SPCX is widely unprofitable with xAI and the only profitable part of it, Starlink, has a very limited ability to scale for anyone familiar with the density limitations of the cellular transmitters. Their own AI offering is not even used by their own engineers over Anthropic's offerings.

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