Prof G Markets · Tuesday, July 7, 2026
Michael Green, Chief Strategist at Simplify Asset Management, argues that SpaceX's inclusion in the Nasdaq 100 under relaxed rules is a 'manipulative' tactic to benefit the exchange and insiders. He criticizes the shift towards passive indexing, stating that index providers have incentives to list companies to increase listing fees and that this compromises the integrity of passive investing.
“Rather than have a choice being made by an individual or by a portfolio manager, we now have choices that are being made simply by the index, which has an obvious incentive to get companies public, get them listed on the Nasdaq, offer Nasdaq inclusion as a component of that in order to get the listing on the Nasdaq index as compared to the New York Stock Exchange or other exchanges that could potentially have listed on.”
“As to whether or not that's a good idea, obviously, I think it is not from the tone that I'm using. I think it is candidly manipulative.”
“We are becoming more and more like China every day.”