By Heather Gillers
S&P Dow Jones Indices said Thursday it won't fast-track the inclusion of SpaceX and this year's other giant IPOs into the S&P 500.
Rules governing the benchmark stock index require newly listed companies to trade on an exchange for at least a year and to show a track record of liquidity and profitability before they become eligible for inclusion. The committee that oversees the index had considered waiving those requirements to speed the inclusion of SpaceX, OpenAI and other so-called megacap companies that could go public as soon as this year.
The group said Thursday it had decided against making those changes, meaning the newly listed companies must wait at least 12 months before inclusion.
The committee said in a news release that the current methodology "provides substantial market coverage and sector balance" despite the trade-offs "between strict adherence to these eligibility requirements and broad representativeness."
Many investors had expected the index committee to change the rules to account for the newly minted megacaps. Critics worried that watering down the rules would expose ordinary investors to untested, and highly speculative companies.
S&P rival Nasdaq implemented rules that go into effect May 1 that fast-track the inclusion of companies in the marquee Nasdaq-100 benchmark. FTSE Russell last month changed its rules to make it easier for freshly minted megacaps to enter its U.S. indexes.
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(END) Dow Jones Newswires
June 04, 2026 19:58 ET (23:58 GMT)
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