[ChadNauseam]

> That said, if you think this is as bad as the article claims you'll obviously buy SpaceX at IPO, then sell it when Index funds are obligated to buy.

The price at IPO will obviously be influenced by expectations of a future purchase by index funds... as an analogy, if it became public knowledge that next week, 1,000,000 people would all be required to buy gold, the price of gold would go up today, not next week

[andsoitis]

By making inclusion near-certain and fast, the rule changes may actually reduce the post-IPO inclusion pop (it gets priced in at IPO) while increasing the IPO price itself and the volatility on rebalance day due to the float constraint.

[400thecat]

yes! Michael Munger expressed it beautifully: "anything that is going to happen has already happened"