SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P

Bloomberg Technologyby Isabelle Leetech

S&P Dow Jones Indices will keep its existing eligibility requirements for main benchmarks like the S&P 500 Index, rejecting proposals that would have made it faster for mega-cap companies such as Elon Musk’s SpaceX to gain rapid entry into the benchmark after going public.

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