NYU professor Aswath Damodaran has cautioned that the rush to include newly listed giants such as SpaceX, OpenAI and Anthropic in the S&P 500 could reshape passive investing. While these firms may quickly become some of the market’s largest companies, Damodaran argues they could still be loss-making, have evolving business models and governance concerns a year after listing.
NYU Professor Aswath Damodaran warns that the rapid inclusion of new giants like SpaceX and OpenAI into the S&P 500 could significantly alter passive investing. He highlights concerns that these firms might still be unprofitable, possess evolving business models, and face…
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