Surprise! S&P will not change its rules to get SpaceX in early

[highplainsdem]

Source: Axios

The S&P said Thursday that it's not changing its rules to fast-track mega-cap IPOs onto its marquee stock index, the S&P 500.

Why it matters: S&P's decision doesn't mention SpaceX, but it means that Elon Musk's company — as well as Anthropic and OpenAI, if they go public as expected — won't be making it into the index for at least a year.

And it's a surprise, coming after other major indexes drew fire for changing their rules to more quickly accommodate Elon Musk's company.

The big picture: Millions of passive investors won't be forced to own SpaceX quickly — a move many had criticized.

-snip-

Read more: https://www.axios.com/2026/06/04/musk-spacex-ipo-sp-investors

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Great news!

Background on why people were worrying about this:

This one weird trick might cost your retirement fund billions (with SpaceX, OpenAI and Anthropic overvalued)
https://www.democraticunderground.com/100221259845

[dave99]

1. Some people are still seeing through the Fog

[paleotn]

2. There's always some in every bubble.

Folks who just don't buy the BS. Actually and figuratively.

[muriel_volestrangler]

3. Same article on Yahoo without paywall

https://finance.yahoo.com/markets/stocks/articles/p-not-change-rules-allow-230217103.html

[rampartd]

4. thanks for that. i was concerned

i support ventures in space, but i'm betting that musk views this as easy money

[bucolic_frolic]

5. I believe S&P is headquartered outside the US

if that makes any difference. Thailand or Singapore I think.