this post was submitted on 20 Jun 2026
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The good news is that all of the SpaceX top valuation won't actually drag all of our Collective portfolios if it were to collapse, it will sting a bit but all of us invested in, say, VTI and VOO, can absorb that much stupid.
I wonder what happens if there's a handful of companies immediately behind it they look just like it though. Thankfully S&P 500 has said that they will not index SpaceX until they actually earn it through profitability.
I own a tremendous amount of AI affected tech stocks relative to the rest of my portfolio, and I'm trying to divest but doing so bleeds me through additional capital gains taxes for my state, which I wholeheartedly believe should exist as long as the billionaires have to pay them, too. It's just a difficult calculation for how much risk I want to wear versus how much capital gains I want to incur to make my way towards the exits to put my money in more boring things.