Yup. You want to speculate on SpaceX, then no one is stopping you. You may even make a shitload of money if you do it right (based on recent valuations I’m not so sure, though), but maximizing short term capital gains based on vibes is absolutely not what the S&P 500 is used for.

If SpaceX is actually consistently profitable, they’ll be in the index in one year. Is what it is.