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SpaceX IPO Imminent as S&P Refuses to Revise S&P 500 Inclusion Criteria
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S&P Global said it will not revise the inclusion criteria for its major indices, effectively ruling out the possibility of SpaceX rapidly entering the S&P 500 Index. SpaceX plans to list on Nasdaq on June 12, targeting a valuation of USD1.75 trillion and seeking to raise USD75 billion, potentially making it the largest IPO in history. However, S&P stated that it should not grant exemptions on requirements such as financial viability, operating history and the Investable Weight Factor (IWF) solely based on market capitalization. Under S&P rules, companies included in the S&P 500 Index must report positive earnings under generally accepted accounting principles in the most recent quarter and on a cumulative basis over the most recent four quarters. SpaceX posted a loss of USD4.94 billion last year. Earlier, Nasdaq revised certain rules to allow newly listed high-profile companies such as SpaceX and Anthropic to be more easily included in the Nasdaq 100 Index. (mn/a) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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