Explaining who pressured FTSE Russell into changing their rules for the SpaceX IPO

SpaceX is going public soon. The company is valued at around 1.75 trillion. However, the insiders are keeping about 95 percent of the shares. They are only selling a very small amount to the public. Usually, big index funds like Vanguard and the S and P 500 have strict rules. They wait until a company proves it makes a profit. They also make sure there are enough shares available to buy. This stops the fund from driving the price up too much when they buy. Now, the people who make these rules ar