I agree Tesla’s stock is horribly overvalued, it’s the poster child for the market can remain irrational longer than you can remain solvent.
My point is as a benchmark it still makes SpaceX look like a bad investment.
My point is as a benchmark it still makes SpaceX look like a bad investment.
The reason for these rules is lockup periods. There’s presumably many people really want to sell significant SpaceX stock at the current price who can’t yet. Effectively August 2026 is going to add more stock to the market and that’s going to continue for a while.
Such post IPO volatility is the justification for indexes to wait, and honestly it’s a very good argument IMO.