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.
TL;DR
- 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.