AIFortuneabout 3 hours ago

S&P 500 rejects SpaceX entry due to profitability rule

5 min read

S&P Dow Jones Indices declined to remove annual profitability requirement for S&P 500 inclusion. SpaceX and other mega-IPOs face long wait to join index as firms must show positive net income in past year including latest quarter. Evercore ISI analysts project SpaceX will achieve annual profitability only in 2027. The rule change was rejected after one-month consultation by S&P Dow Jones Indices index committee.

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