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SpaceX denied fast track to S&P 500 after IPO
SpaceX has been denied a fast track into the S&P 500 when the rocket and satellite company goes public, in a ruling that cuts off quick access to one of the biggest pools of Wall Street money.
Summary
SpaceX has been denied a fast track into the S&P 500 when the rocket and satellite company goes public, in a ruling that cuts off quick access to one of the biggest pools of Wall Street money. S&P Dow Jones Indices said Thursday it would maintain eligibility requirements for its benchmark following months of consultation with participants—closing the door on fast-track entry for Elon Musk's company.
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