S&P denies expedited index inclusion for mega IPOs such as SpaceX

The index provider will not shorten the current 12-month “observation period” faced by newly listed multinational companies, nor will it exempt existing requirements for profitability and public float (free float) due to a company's large size. This decision means that companies like SpaceX will not be eligible for inclusion in the S&P 500 Index for at least one year after listing, and they will still need to meet the existing index requirements for profitability and public float at that time. This approach runs counter to the broader industry changes advocated by certain exchanges.