James Thomson

speaker

2,279 appearances 7 recordings 2 series first heard Apr 2026 last heard 12 Jun

James Thomson’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 7 in all, peaking in May 2026 with 4.

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The Money Café with Alan Kohler · Mining for More · 27 May 2026 podcast

Retail investors like institutional investors, including the managers of your super funds, dear listeners,

face a really tough one here because it is right that the US market operators appear to be set to fast track the entry of SpaceX and probably OpenAI and Anthropic when they list into share market indices.

And they'll do that by, as Matthew says, allowing them to enter despite the short period of, you know, they'll allow them to enter faster than companies are normally allowed to enter these indices.

And they'll sort of waive the rules.

Usually to go in these ETFs, you have to be profitable.

None of these companies are.

And so they'll waive the rule around that.

Sorry, to go in the indices, you need to be profitable and none of these companies are.

So, yes, your ETF, if you have an ETF that tracks the S&P 500 or the NASDAQ, your ETF will need to buy these companies.

The one bit, I think there's two points to make about that, though.

Yeah, okay, you could see retail investors as exit liquidity, but you've got to remember a gentleman in the case of SpaceX, a gentleman called Elon Musk wants to retain a fair bit of control of this stock.

And so how many insiders are actually selling is a good question.

So are you exit liquidity?

Sort of, but how many insiders actually exit is a real question.

And the other thing I'd say, Alan, is what's your alternative as a holder of an ETF that tracks the S&P 500?

Do you – you may decide that you don't want to – that you don't like the SpaceX listing and you think the whole company is a bit of a scam, but do you really want to stop tracking the index with it in there?

Yeah.

I mean, tracking the index over the last 50 years has been a pretty good play.

Is this the time to stop now because of one company entering it?

I'm not so sure about that.

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