4 outlets·4 reports
S&P 500 blocks fast SpaceX entry, won’t waive rule for unprofitable AI firms
ThinkingNews Desk · how this was written
S&P Dow Jones Indices rejected proposals to accelerate S&P 500 eligibility for mega-cap IPOs, keeping the existing rule that a company must be publicly traded for at least one year before it can be considered for inclusion. Consequently, SpaceX and other newly listed mega-cap firms remain ineligible, and the index will not waive the rule for unprofitable AI companies.
Written from all 4 reports below, not from any single one.
How it was reported
- Hacker News·SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P
- TechMeme·S&P Dow Jones rejected proposals to expedite S&P 500 eligibility for mega-cap IPOs such as SpaceX, which remains ineligible until one year after going public (Isabelle Lee/Bloomberg)
S&P Dow Jones Indices will maintain existing eligibility requirements for the S&P 500. SpaceX remains ineligible until one year after going public. Mega-cap IPOs must wait to be considered.
- Engadget·SpaceX won't get early access to the S&P 500
- Ars Technica·S&P 500 blocks fast SpaceX entry, won’t waive rule for unprofitable AI firms
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