SpaceX - Elon Musks rymdbolag. Passiva fonder. Krisen 1873.

Det som kittlar fantasin är inte bara att bolaget siktar på att bygga en koloni på Mars utan också värderingen. I veckan fastställdes den till 1780 miljarder dollar eller 16 700 miljarder kronor. 


Att skugga index brukar kallas passiv förvaltning,  ju fler som köper, desto mer stiger värdet vilket betyder att ännu fler köper. Och så vidare. 

I veckan blev en så kallad ETF som följer amerikanska indexet S&P 500 den första passiva fonden med tillgångar på över 1 000 miljarder dollar. 

De tio aktier som väger tyngst enligt den senaste uppdateringen är i tur och ordning: Nvidia, Apple, Microsoft, Amazon, Alphabet, Broadcom, Meta, Tesla och Micron Technology.   

När SpaceX, OpenAI och Anthropic går till börsen kommer koncentrationen bli ännu större. 

Av Sveriges 51 dollarmiljardärer kommer fyra från ett och samma företag, private equity-bolaget EQT. 

En lite bortglömd krasch är krisen 1873, som hade stor påverkan på världen. Om den skriver historikern Liaquat Ahamed i en ny bok.


1873 The Rothschilds, the First Great Depression, and the Making of the Modern World

https://www.penguinrandomhouse.com/books/306461/1873-by-liaquat-ahamed/

Andreas Cervenka Nyhetsbrev 7 juni 2026

 

Altitude Sickness Brings Stocks Down — Hard

When pilots or mountaineers ascend too high too fast, they risk altitude hypoxia. Markets are suddenly looking hypoxic. Forthcoming IPOs, led by Elon Musk’s SpaceX, threaten to intensify the condition as the market struggles to absorb a welter of shares in the rarefied atmosphere.

There’s not much to add to the debate over one of the most consequential and controversial market flotations of all time, but it does seem to have performed a valuable service of shining a light on the internal contradictions of passive investing.

John Authers Bloomberg June 8, 2026 

https://www.bloomberg.com/opinion/newsletters/2026-06-08/market-selloff-altitude-sickness-brings-stocks-down-hard


Panic of 1873 

Perhaps the danger is not 2008, 1999, 1973 or even 1873, but 1789. Schumpeter The Economist

Charles Mackay’s “Extraordinary Popular Delusions and the Madness of Crowds” (1841)

https://englundmacro.blogspot.com/2026/06/perhaps-danger-is-not-2008-1999-1973-or.html


7 juni

https://englundmacro.blogspot.com/2026/06/7-junistorbritannien-det-nya-italien.html

 


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