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.

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.

The decision will also affect the expected IPOs of AI giants Anthropic and OpenAI.