# Passive Investing

Wall Street Girds for the Mega-IPO Era: Why Index Giants are Trimming Stakes for SpaceX and OpenAI

Major Wall Street funds are beginning to reduce holdings in current large-cap stocks to prepare for the massive liquidity requirements of upcoming IPOs from SpaceX and OpenAI. This shift is driven by new index rules that allow mega-cap newcomers to be added to major benchmarks like the S&P 500 and Nasdaq-100 at an accelerated pace.