SpaceX and other mega IPOs may wait years to join the S&P 500
via fortune.com
Short excerpt below. Read at the original source.
Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected a proposal that included relaxing the requirement that they be profitable. S&P Dow Jones Indices’ index committee declined to remove a rule that companies generate positive net income for […]