RPT-EXPLAINER-Why SpaceX faces a longer wait to join S&P 500
RPT-EXPLAINER-Why SpaceX faces a longer wait to join S&P 500Repeats June 5 story with no changes to textBy Shashwat Chauhan and Johann M Cherian. For the S&P 500, not before June 2027, and only if it also turns profitable and lifts its float above 10%. The Nasdaq and FTSE Russell have shortened their trading-history requirements, opening a faster route into the Nasdaq 100 and Russell indexes.A Nasdaq listing would place SpaceX in the broad Nasdaq Composite .IXIC automatically. Because the Composite is tech-heavy, the addition could widen performance gaps between Nasdaq trackers and the S&P 500."Every retail investor holding an S&P 500 ETF in their 401 would become an involuntary SpaceX shareholder, regardless of whether they believe in the story, understand the business, or are comfortable with the risk of a $1.75 trillion unprofitable company," said Jay Woods, chief strategist at Freedom Capital Markets."The index wasn't designed to do that. It was designed to reward companies that