Elon Musk’s scheme to take SpaceX public is a big risk that leaves working people holding the bag.
More Perfect Union is out with a new report on how Elon Musk taking SpaceX public is a big risk for working people.
At the same time that SpaceX is preparing to go public, the S&P Dow Jones is considering changing when it allows the most highly valued companies to be traded as part of index funds, which millions of middle- and working-class households are invested in.
The S&P is suggesting allowing new “MegaCap” companies -- the top 100 in the S&P market -- to become part of your investment portfolio just 6 months after they go public, creating a significant risk to investors.
Add your name to tell the S&P Down Jones:
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I urge you to protect the investments of middle- and working-class people by maintaining the current restrictions on MegaCap companies joining index funds. Reducing the current restrictions below 12 months puts the investments of everyday people at risk. |
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