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The Bad Gnus on SpaceX

The Bad Gnus on SpaceX
Bloomberg Markets Wednesday 17 June 2026, 04:00 UTC By John Authers 1 min read
Key Points

The Bad Gnus on SpaceX With a few giants destabilizing indexes, safety in numbers isn’t what it used to be. To get John Authers’ newsletter delivered directly to your inbox, sign up here. At the time of writing, Elon Musk’s SpaceX is America’s fifth-biggest company, its market cap of $2.75 trillion narrowly edging Amazon.com Inc. ($2.65 trillion) into sixth place.

The Bad Gnus on SpaceX With a few giants destabilizing indexes, safety in numbers isn’t what it used to be. To get John Authers’ newsletter delivered directly to your inbox, sign up here. At the time of writing, Elon Musk’s SpaceX is America’s fifth-biggest company, its market cap of $2.75 trillion narrowly edging Amazon.com Inc. ($2.65 trillion) into sixth place. It’s been trading for only three days, but will soon arrive in Nasdaq’s indexes. Even if we assume it’s sensibly valued (a heroic assumption), it poses critical problems for investors, and passive funds in particular.
SpaceX (ORG) John Authers’ (PERSON) Elon Musk’s (PERSON) America (LOCATION) Amazon.com Inc. (ORG) Nasdaq (ORG)
Originally published by Bloomberg Markets Read original →

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