Key facts
- S&P Dow Jones Indices will not alter its methodology for index inclusion.
- Companies must still meet existing seasoning, financial viability, and IWF requirements.
- The required public trading period for S&P 500 inclusion remains one year.
S&P 500 won't fast-track SpaceX, other mega IPOs
IN SHORT
S&P Dow Jones Indices will maintain its existing methodology, declining to fast-track mega IPOs like SpaceX into the S&P 500. Companies must still meet requirements including one year of public trading and four consecutive quarters of positive GAAP earnings, contrasting with Nasdaq's faster entry rules.
Key Numbers
1 yearrequired public trading period for S&P 500 inclusion
6 monthspotential reduced trading period under proposed rule change
4straight quarters of positive GAAP earnings required
$22.7 billionminimum market cap requirement for S&P 500 inclusion
15 trading daysfast entry timeline for Nasdaq 100
mid-2027potential eligibility timeline for SpaceX
Who's Involved
S&P Dow Jones Indices
Index provider that decided against changing inclusion rules
SpaceX
Company seeking fast-track S&P 500 inclusion
Anthropic
AI company expected to pursue IPO, subject to index rules
OpenAI
AI company expected to pursue IPO, subject to index rules