S&P Denies SpaceX Entry to Key Index Amid IPO Plans
S&P rules out changes, blocking Elon Musk's SpaceX from key index
Image: Asianet Newsable
The S&P Dow Jones Indices has confirmed that it will not alter its rules to allow SpaceX, founded by Elon Musk, to enter its benchmark index despite the company's significant valuation target of $1.75 trillion. SpaceX's IPO, projected to be the largest to date, aims to sell 555.6 million shares at $135 each.
- 01S&P Dow Jones Indices will not modify its entry rules for megacap companies, blocking SpaceX's early entry into its key index.
- 02SpaceX is targeting a valuation of $1.75 trillion, which would place it among the top ten most valuable US companies.
- 03The S&P 500 requires companies to be profitable for the last four quarters; SpaceX reported a net loss of $4.94 billion in 2025.
- 04Nasdaq has eased its listing rules for megacap companies, allowing firms like SpaceX and Anthropic to prepare for listing.
- 05SpaceX plans to sell 555.6 million shares at an initial price of $135 each, potentially making Elon Musk the first trillionaire.
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The S&P Dow Jones Indices has confirmed it will not change its rules to allow SpaceX, the rocket company founded by Elon Musk, to join its benchmark index. This decision comes despite SpaceX's ambitions to achieve a valuation of $1.75 trillion, which would rank it among the top ten most valuable companies in the United States. Currently, the S&P 500 requires companies to demonstrate profitability over the most recent four quarters, a condition SpaceX does not meet after reporting a net loss of $4.94 billion in 2025. Although SpaceX will not be included in the S&P 500, the S&P Global has indicated that it may modify rules for its broader indices, which could facilitate SpaceX's listing there. Meanwhile, Nasdaq has already relaxed its rules for megacap companies, enabling firms like SpaceX and Anthropic to prepare for public offerings. SpaceX's IPO is set to be the largest yet, with plans to sell 555.6 million shares at $135 each, positioning Musk to potentially become the world's first trillionaire.
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The decision affects SpaceX's ability to attract investment through the S&P 500 index, potentially impacting its IPO success and market perception.
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