With the upcoming megacap/thin-float IPOs of SpaceX, OpenAI and Anthropic, the impact

Artificial Intelligence

With the upcoming megacap/thin-float IPOs of SpaceX, OpenAI and Anthropic, the impact of S&P Global's (rational) decision to not change the requirements for entry into its major indices will have a huge impact on many retail ETF holders and on companies that comprise the indices. 1️⃣ It eliminates $20B of forced buying, which eliminates the same amount in forced selling of other stocks to replace them. 2️⃣ It halves the price impact on incumbents. Head to spacexipo.bonabeauapps.com to see for yourself.