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SpaceX stock drops to a new low and loses $1 trillion in value in a month (www.businessinsider.com)
submitted 3 months ago by to c/technology@lemmy.world
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[–] 22 points 3 months ago (5 children)

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..

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  • [–] 6 points 3 months ago (2 children)

    The 401k that americans use also automatically invested in it if they didnt opt out iirc

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  • [–] 3 points 3 months ago

    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.

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  • [–] 2 points 3 months ago (1 child)

    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.

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