SpaceX blocked from early U.S. benchmark index entry as S&P reaffirms existing rules
S&P Global said Thursday it was not changing the requirements for entry into its major indices, dealing a setback to the IPO plans of Elon Musk's SpaceX.
SpaceX blocked from early U.S. benchmark index entry as S&P reaffirms existing rules S&P Global has decided not to alter its entry requirements for major indices, which means SpaceX will not be able to join the S&P 500 index swiftly. The company requires profitability for index inclusion, a condition SpaceX did not meet in 2025. Despite this setback, SpaceX may still be included in other indices like the Nasdaq 100, S&P Total Market Index, and Dow Jones U.S. Total Stock Market Index.
- S&P Global will not change its entry requirements for major indices, blocking SpaceX from early inclusion in the S&P 500.
- Companies must be profitable under GAAP to be included in the S&P 500.
- SpaceX posted a net loss of $4.94 billion in 2025.
- Nasdaq has made rule changes that could facilitate SpaceX’s entry into the Nasdaq 100.
- SpaceX is eligible for inclusion in the S&P Total Market Index and Dow Jones U.S. Total Stock Market Index.
- SpaceX has also become eligible for the Russell U.S. Equity Indexes and FTSE Global Equity Index Series.
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