The Japan Times
AsiaPac · 2 hrs ago
✦ 72◉ Centre
SpaceX and other mega IPOs may wait years to join the S&P 500
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Quality 72/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline
S&P Dow Jones Indices has maintained a requirement that companies must have generated positive net income over the past year to join the S&P 500 index, which may delay the inclusion of high-profile unprofitable companies like SpaceX.
SpaceX and other mega IPOs may wait years to join the S&P 500
S&P Dow Jones Indices' index committee declined to remove a rule that companies generate positive net income for the past year.
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