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SpaceX blocked from early US benchmark index entry as S&P reaffirms existing rules
S&P kept its profitability test for major indexes, blocking a fast-track path for SpaceX while leaving ETFs to absorb any future additions.
- On Thursday, S&P Global declined to modify entry requirements for the benchmark S&P 500 index, effectively ruling out swift inclusion for Elon Musk's SpaceX ahead of its expected June 12 public debut.
- Standard S&P rules mandate companies maintain profitability across the most recent four quarters and complete a one-year 'seasoning period' before index eligibility, a requirement known as 'financial viability.'
- Conversely, Nasdaq and FTSE Russell adopted 'fast-entry' rules for newly public megacaps. Art Hogan, chief market strategist at B. Riley Wealth, said making exceptions for unprofitable companies 'didn't make a great deal of sense.'
- While excluded from the S&P 500, SpaceX remains eligible for the S&P Total Market Index and Dow Jones U.S. Total Stock Market Index after S&P Global modified entry rules for these broader benchmarks.
- Investors anticipate massive IPOs from SpaceX, Anthropic, and OpenAI, which combined for losses exceeding $25 billion last year. SpaceX is valued between $1 trillion and $2 trillion ahead of its June 12 public debut.
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56 Articles
56 Articles
Fixed the price of 135 dollars for each share
·Italy
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Space Stocks (NASDAQ: ASTS), (NASDAQ: RKLB), (NYSE: RDW), (NASDAQ: SIDU) Slide As S&P Blocks SpaceX From Fast-Track S&P 500 Entry
Space stocks retreated overnight after S&P Global confirmed it would make no changes to S&P 500 eligibility rules, eliminating a key catalyst traders had been pricing in ahead of SpaceX’s blockbuster IPO. AST SpaceMobile (NASDAQ: ASTS) fell 2% in overnight trading, while Rocket Lab USA (NASDAQ: RKLB) and Redwire (NYSE: RDW) each declined 3%, and Sidus Space (NASDAQ: SIDU) shed 1% during the same session. The drop followed a broad rally on Thursd…
Ars TechnicaReposted by 
technewstube.com
technewstube.comS&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
SpaceX won’t get easy access to billions of dollars from passive investors.
·New York, United States
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Coverage Details
Total News Sources56
Leaning Left8Leaning Right10Center15Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 24%
C 46%
R 30%
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