S&P Weighs Rule Changes That Would Speed SpaceX's S&P 500 Entry
bloomberg.com
bloomberg.com
> Unlike other indexes, there’s no fast-track for joining the S&P 500. Companies need to meet criteria including having a market capitalization — the value of outstanding shares — of at least $22.7 billion, be domiciled in the US and be a public company for 12 months. Any decision to allow a new entrant is made by a committee.
SpaceX/Musk are also talking to Nasdaq about inclusion in the Nasdaq 100 index 'right away' as well as a condition of deciding to list on that exchange (as opposed to, say, NYSE).
Inclusion in indexes would "force" various funds, and holders of those funds (e.g., retirement accounts, pensions), to purchase a portion the stocks in question since they have to follow it. So the exit strategy for Musk et al would be funded by things like people's retirement savings.
There was some 'interesting account' done to get Tesla into the S&P 500 (to meet the criteria), but Patrick Boyle notes in his latest video that since its inclusion in the S&P500, Tesla as underperformed the index by 20%:
* https://www.youtube.com/watch?v=8rS3fTbC7TE
S&P has a weblog post on the general topic:
* https://www.indexologyblog.com/2026/03/03/seasoning-to-taste...