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I am really curious for what reason they choose to do it? Like what is in for Nasdaq?

Putting cynicism aside (there's plenty of that here already): there is a theory that people invest in index funds because they don't want to pick individual stocks. They want exposure to "the public stock market as a whole". I think there are good arguments on both sides of including SpaceX in such an index.

Oh come on, that's a view so charitable that not even Musk giving away all of his wealth would come close.

Pretty much everybody know what it was about on day one, brokers were (and still are) operating in blatant bad faith for personal gain and they know they can count on the current US administration to get off scot free. It's like if Jordan Belfort was in charge of Nasdaq.

Getting a very popular stock on their exchange. Directly making money from it.

Yes. This was a deal: add us to the index and we will list on your exchange.

But on the other hand, it burns trust to change the rules on the fly.

I think that is the problem with concentrated markets. You can do whatever and younare actually never "punished" by the market. Ie market htpothesis does not work

The president may throw a tantrum that “some crazy democrat throws stones under the feet of that beautiful Elon, the most beautiful Elon we ever had”. Better do what the new Tzar wants. Dude was sent here apparently by the God, don’t mess with the God.

I thought Elon and Trump broke up?

Have they? Maybe some spacex investor is the “most beautiful we ever had”.

People like that are never friends. It’s a relationship of convenience and power exchange. The public riff was because Elon got upset over something and threw a tantrum.

Some think the index deal was in exchange for Elon helping fund the midterm battle. Scott Galloway, for example.

Musk and Trump had a pretty public break up, I think this is one fuckup where we shouldn't blame him.

https://en.wikipedia.org/wiki/Kayfabe

Maybe Trump has money in it. Who needs friends when you have money. “It’s just business”. No idea, I don’t really follow this soap drama.

You're six months out of date. They're buds again.

I mean we know why

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