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S&P refuses to fast-track SpaceX into the S&P 500 after IPO
S&P Dow Jones Indices declined to relax key eligibility rules for MegaCap IPOs, blocking a faster route for SpaceX into the S&P 500 and closing the same path to unprofitable AI firms.
Key Takeaways
- S&P declined to relax rules for large new public listings.
- SpaceX will not be able to enter the S&P 500 on an accelerated schedule.
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DT Editorial Team··via arstechnica.com