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SpaceX stock drops to a new low and loses $1 trillion in value in a month
(www.businessinsider.com)
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this post was submitted on 18 Jul 2026
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Unfortunately, a lot of people didn't have a choice in the matter.
A lot of Americans voted for this clown, remember? And most of those voters were fine when DOGE destroyed the lives of many. Now it‘s their turn to pay up. Let this be a lesson for Americans. Subscribing into an ideology of selfishness and hatred comes at a cost for society.
And a lot of Americans didn't vote for this clown, remember? Those are still being punished with this bullshit.
?
Your money in savings and insurance and superannuation funds is often reinvested in shit like this.
It's worth dropping yours an email and asking whether they do or not..
The 401k that americans use also automatically invested in it if they didnt opt out iirc
There isn't a single 401k that Americans use. 401k is an index fund, an investment vehicle. I'm sure many included SpaceX but plenty did not.
And as an individual you can't really "opt out" of individual stocks in the fund. You could roll all of your investment into a different fund that doesn't include the stock you don't want, but I don't know of any broker that allows people to pick and choose which stocks they want to use in their 401k. You give them money, they manage the fund, that's how it goes.
Oh, I hadn't clocked until now that 401(k)s are a pension fund. I guess that means they are basically the same as superannuation.
Mine is invested in the UK with a focus towards sustainability and green energy, so I am safe. Plus I don't really care much if it doesn't go negative. Just want to pay off my mortgage and then stop working much.
Mine is also in a nominally ethical fund, but they still invest in e.g. nvidia. Not sure about spaceX though