SpaceX, Tesla and Anthropic may reshape the S&P 500—but not right away
Source: CNBC ·
SpaceX, Tesla and Anthropic could become major S&P 500 holdings. Here's what that could mean for index fund investors.
From the source
Financial experts from Warren Buffett on down often urge retail investors to own a portfolio spread across the broad U.S. stock market. And if you own a fund that tracks the S&P 500, you more or less have just that — a who's who of the largest stocks available on U.S. exchanges. But what happens when a new bombshell enters the proverbial villa? Index fund investors may be pondering that exact question, given the news that SpaceX CEO Elon Musk said he's considering a tie-up with Tesla. When SpaceX reported its third-quarter financial results last week, Musk said on the earnings call that he'd consider a combination with the Austin, Texas-based electric car maker, in what would be the largest merger in history. Adding fuel to this quandary, on Monday, AI firm Anthropic filed an S-1 with the Securities and Exchange Commission, signaling the company's intention to go public. Both could be huge companies. Doing a little back-of-the-napkin math, SpaceX and Tesla sport market…