S&P Global: Giant IPOs like SpaceX will not be quickly included in the S&P 500 index

S&P Global stated that it will maintain its existing eligibility requirements for major benchmark indices such as the S&P 500, rejecting proposals to expedite the inclusion of large companies like SpaceX into the benchmark index after their IPOs. On Thursday, S&P Dow Jones Indices noted in a press release that it will not shorten the current 12-month "maturity period" set for newly listed companies, nor will it waive existing profitability and public float requirements based on company size.

This means that SpaceX will not be eligible for inclusion in the S&P 500 until at least one year after its IPO and must also meet the existing profitability and public float requirements of the index, which state that the company must be profitable according to GAAP in the most recent quarter and in the total of the most recent four quarters, and that the public float must be no less than 50%.