S&P 500 Blocks SpaceX From Index Until Four Profitable Quarters
S&P Dow Jones Indices upheld strict eligibility rules for megacap IPOs, requiring 12-month seasoning and GAAP profitability—blocking SpaceX from immediate S&P 500 inclusion despite its $1.75 trillion valuation. The decision mirrors past gatekeeping in crypto and prevents trillions in passive index funds from algorithmically flooding into unprofitable mega-companies at listing.









