r/stocks
Does anyone know the actual dates for the forced-buys of SPACE X by the various indexes?
The author asks for forced index buying dates for SpaceX, calculating massive volumes based on the flawed premise it's in public indexes.
- Anticipates massive forced buying from major indexes totaling over 26% of the float.
- Calculated specific share amounts based on a $160.95 price, expecting significant upward pressure.
- SpaceX is a private company and cannot be included in public stock indexes like CRSP or FTSE, making the premise factually wrong.
- The post relies on flawed assumptions and AI hallucinations regarding index inclusion mechanics.
I know how to figure out the amounts for the forced buys but if I use Chat GPT or Copilot I cannot get a definitive date for when the forced buys are to occur! 6/19 and 7/3 the markets are closed - I keep having to tell the AIs that and then they apologize for giving me the wrong information!
The buy move to the day before or the day after but sometimes the AIs seem to think it moves a whole week. I cannot get an answer that is derived from a REAL PERSON who know how those indexes...CRSP, FTSE, MSCI and Nasdaq work with respect to this. So I'm looking for a real stock market worker who is into this.
The amounts I can calculate. If the stock actually stays at its Friday closing of 160.95 the amounts are as below: (This will change of course, especially for NASDAQ since the closing on the 7th day is used for the math not the first day.)
- CRSP (Vanguard Funds): 31,935,383 shares (5.00% of float)
- FTSE Russell Funds: 29,450,140 shares (4.61% of float)
- MSCI ACWI Funds: 56,850,000 shares (8.89% of float)
- Nasdaq funds: 49.70 million shares (7.78% of float)
- Grand Total: 118,235,523 shares, 26.29% of total float