Experts sound alarm over Elon Musk's 'coup' that's 'about to rob your 401k'

[SamuelTheThird]

Raw Story isn't always the best source, but this seems legit

https://www.rawstory.com/elon-musk-2676979515/

“The richest guy on the planet is about to rob your 401K,” warned content creator Zack Nelson, writing in a social media post Sunday on X to his nearly 1 million followers.

In a move that one of the United States’ largest unions warned “defies financial logic,” private index providers – the companies that decide what stocks go into major market indexes – have fast tracked SpaceX to be added to indexes like the S&P 500 and the Nasdaq-100, indexes that millions of Americans buy into via their retirement accounts.
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“The world's richest centi-billionaire oligarch used his power to change the rules, so he could dump his garbage company (which is cartoonishly overvalued, unprofitable, and incinerating cash) on retail investors, using trillions of dollars in retirement funds as exit liquidity, all in order to become the first trillionaire,” he wrote in a social media post on X.