S&P Global Maintains Existing Criteria for S&P 500 Inclusion

S&P Global announced on June 5 that it will uphold its current eligibility requirements for major benchmark indices, including the S&P 500, rejecting proposals to expedite the inclusion of large companies like SpaceX after their public listings. According to Jin10, the S&P Index stated in a press release on Thursday that it will not shorten the existing 12-month 'seasoning period' for newly listed companies, nor will it waive the current profitability and public float requirements based on company size. This decision implies that SpaceX will not be eligible for inclusion in the S&P 500 until at least one year after its public listing and must meet the existing profitability and public float criteria. Specifically, the company must achieve profitability according to GAAP in the most recent quarter and the sum of the last four quarters, with a public float of no less than 50%.