S&P Dow Jones decided against fast-tracking SpaceX into the S&P 500 by maintaining existing eligibility rules, a move that could impact upcoming mega AI IPOs like Anthropic and OpenAI. Conversely, Nasdaq updated its rules to allow large companies to join the Nasdaq 100 index after only 15 trading days. Following its IPO, SpaceX saw the Schwab US Large-Cap Value ETF acquire a small position in the company, utilizing a policy that permits holding up to 10% of assets outside its core value methodology.
The Schwab US Large-Cap Value ETF added SpaceX to its portfolio, utilizing a 10% flexibility rule despite the company's growth-oriented profile.
Read the full storyA new rule change allows high-valuation companies to enter the prestigious index just 15 trading days after their market debut.
S&P Dow Jones maintains existing eligibility rules, blocking a fast-track for SpaceX and potentially delaying index entry for OpenAI and Anthropic.