S&P 500 rejects SpaceX, OpenAI, and Anthropic from index inclusion
By
Jeremy Hsu
Summary
The S&P Dow Jones Indices has rejected SpaceX's entry into the S&P 500, also blocking OpenAI and Anthropic. Despite a standard yearlong waiting period, these companies may struggle to meet the consistent profitability requirements for inclusion. Swift entry would have triggered an estimated $14 billion in passive fund buying for SpaceX alone, according to Bloomberg Intelligence.
Source
Hacker NewsS&P 500 rejects SpaceX, OpenAI, and Anthropic from index inclusionarstechnica.comKey quotes
· 3 pulledIn its final decision, the S&P Dow Jones Indices stated that 'no changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF.'
Even after the standard yearlong wait, SpaceX, Anthropic, and OpenAI may struggle to deliver the consistent profitability necessary to qualify for the S&P 500.
Swift entry into the S&P 500 would have triggered $14 billion of passive fund buying for SpaceX, according to Bloomberg Intelligence.
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