SpaceX, OpenAI, and Anthropic prepare for IPOs as S&P 500 may waive profitability rule
By
Eva Roytburg
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Summary
The article argues that SpaceX, OpenAI, and Anthropic are preparing to go public despite being unprofitable, and that S&P Dow Jones is poised to waive its longstanding profitability requirement for S&P 500 inclusion. This would break a decades-old rule that previously kept Tesla out of the index until late 2020. The piece criticizes this as a capitulation to powerful tech companies, suggesting it reflects a broader trend of bending rules for elite firms in the AI and space industries.
Key quotes
· 3 pulledTo get into the S&P 500, a company is supposed to make some money.
Soon, that rule will be broken, likely three times. On purpose.
That's a pretty basic rule, decades old and it's the reason Tesla sat outside of the index until the end of 2020.
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