00:00It's Benzinga, bringing Wall Street to Main Street.
00:02S&P Global declined to change its entry requirements for major indices,
00:07effectively blocking SpaceX from joining the S&P 500 in the near term.
00:12The company is raising $75 billion at a $1.75 trillion valuation,
00:17which would rank it among the top 10 most valuable U.S.-listed firms.
00:20But only a fraction of its shares are available for trading.
00:23S&P set exceptions to its financial viability,
00:27seasoning, and investable weight factor requirements
00:29should not be granted solely based on market capitalization.
00:33To join the S&P 500, a company must show GAAP profitability in its most recent quarter
00:39and across its four most recent quarters combined.
00:42SpaceX posted a net loss of $4.94 billion in 2025.
00:46S&P Global will modify entry rules for its S&P Total Market Index
00:51and Dow Jones U.S. Total Stock Market Index,
00:54giving SpaceX a path into those smaller indexes.
00:56NASDAQ has already changed rules,
00:58making it easier for SpaceX to join the NASDAQ 100.
01:01For all things money, visit Benzinga.com.
Comments