Aswath Damodaran's warning on trillion-dollar fight over SpaceX and OpenAI in world's most powerful stock index
· economictimes.indiatimes.com
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 markets largest companies, Damodaran argues they could still be loss-making, have evolving business models and governance concerns a year after listing.
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