Lana

But newly listed firms typically have to prove themselves for a few months before being included in order to demonstrate that their shares can handle heavy trading without crazy price swings.

SpaceX, on brand, wants to accelerate that part of the process.

Musk is basically trying to dodge one of the trickiest moments for freshly listed companies.

When a firm first goes public, employees and early backers are usually barred from selling their shares for a few months.

But once that lockup period ends, a ton of shares can hit the market all at once.

That can hit their price hard, especially if the company in question is already highly valued and not making a lot of profit.

If Musk can line up index funds to start buying SpaceX shares early, that built-in demand could help soak up those insider sales and keep the price steadier.

But there's no guarantee that'll fully plug the gap.

And if the share price does take a hit, SpaceX being included in major indexes means that the drop will show up in your portfolio too.

That's it for today.

I'm Lana.

I'll see you tomorrow.

Hey, I'm Lana with your Daily Brief for Thursday, February 5th.

Coming up... Alphabet revealed better-than-expected results, but investors were too busy fretting over its supersized spending plans to notice.

And Bitcoin fell to its lowest price since 2024, failing to live up to its digital gold nickname.

We'll also check in with Carl to get his answers to your burning questions.

More on the way, but first, a word from Guy at Finimize HQ.

Alphabet made over $113 billion in revenue last quarter, roughly $2.5 billion more than analysts had predicted.

Even better, profit came in almost a third higher than this time a year back.

Google Cloud was the standout.