Financial experts sounded alarms over Elon Musk’s SpaceX being fast-tracked into major market indexes like the S&P 500 and Nasdaq-100, potentially forcing millions of Americans to unknowingly invest retirement funds in the unprofitable company.
Content creator Zack Nelson warned, “The richest guy on the planet is about to rob your 401K.”
A major U.S. union cautioned that the move “defies financial logic,” noting SpaceX operates at an aggregate loss and would ordinarily be ineligible for certain indexes.
Investor Ari Paul called it an “impressive coup by Musk,” while portfolio manager Ian McMillan characterized index providers as “openly looting the coffers,” calling it “100% fraud,” on X.
Despite posting a $4.9 billion net loss in 2025, SpaceX is expected to become one of the world’s most valuable companies upon going public, with critics suggesting the arrangement benefits Musk’s pursuit to become the world’s first trillionaire.
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