SpaceX is still only going to be a tiny percentage of the stocks you own in an index fund. It doesn't make sense to let this single article affect your decision making. It's obviously completely biased and cherry picking specifics (like the exact window of time you'd have needed to have a negative return in the stock market).
I'm pretty mad about the blatant manipulation of index funds by spacex, and I looked into how to avoid the IPO. If you're like me, the amount of unrealized gains from index funds over the past few years mean the tax penalty of exiting these funds is just too big (the majority of my money is not in tax advantage accounts like a 401k). If not for the tax reasons, I would probably go with a direct index. Vanguard and Fidelity both have em. But honestly even at inflated float ratios this stock makes a very small part of the overall index. What I hate is forcibly being made party to such blatant manipulation, but like any other "concentrated benefits, diffuse costs" situation, it's probably too low a real cost for most people to deal with.
And spaceX was just denied fast index entry https://www.bloomberg.com/news/articles/2026-06-04/s-p-dow-j...