668
SpaceX stock drops to a new low and loses $1 trillion in value in a month
(www.businessinsider.com)
this post was submitted on 18 Jul 2026
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The 401k that americans use also automatically invested in it if they didnt opt out iirc
There isn't a single 401k that Americans use. 401k is an index fund, an investment vehicle. I'm sure many included SpaceX but plenty did not.
And as an individual you can't really "opt out" of individual stocks in the fund. You could roll all of your investment into a different fund that doesn't include the stock you don't want, but I don't know of any broker that allows people to pick and choose which stocks they want to use in their 401k. You give them money, they manage the fund, that's how it goes.
Oh, I hadn't clocked until now that 401(k)s are a pension fund. I guess that means they are basically the same as superannuation.