SpaceX will go public on June 12 with a potential $2 trillion valuation, the largest IPO in history. The company cannot join the S&P 500 for at least a year because it fails all three requirements: it is not yet public for a full year, it is unprofitable, and its IPO float is only 3%-4%.
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Summary by ByteBrief
SpaceX, Anthropic, OpenAI IPOs May Cut S&P Yield