S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

10 hours ago

SpaceX requested fast-track entry into major stock indexes as part of its IPO, but the S&P 500 refused to bend rules.
The S&P Dow Jones Indices declined to expedite SpaceX's inclusion, blocking access to billions in passive investment funds.
An exception could have set a precedent for other AI companies like OpenAI and Anthropic to join soon after their IPOs.
The decision eases concerns about passive investors and retirement savings being exposed to SpaceX's AI and orbital data center risks.
S&P considered waiving key requirements for MegaCap firms, including IPO seasoning period, public share threshold, and profitability rules.
These changes would have allowed SpaceX's IPO with only 3% public shares despite its unprofitability and $29 billion debt from AI spending.

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