S&P Rules Block Fast Track for SpaceX Entry Into S&P 500, Despite Mega IPO Plans

June 5, 2026

Mintesinot Nigussie

S&P Global has reaffirmed its index inclusion standards, closing the door on any immediate pathway for SpaceX to join the S&P 500, even as the company prepares one of the largest initial public offerings in market history.

The decision, announced on Thursday by S&P Global, maintains existing requirements for index entry and signals that market capitalisation alone will not justify exemptions from its rules.

Under current rules, companies must report positive earnings under Generally Accepted Accounting Principles in both their most recent quarter and over the trailing four quarters to qualify for inclusion in the S&P 500 index.

SpaceX has not met that threshold, reporting a net loss of 4.94 billion US dollars in 2025, even as revenue rose 33 percent to 18.67 billion US dollars during the same period.

The company is preparing an IPO expected to raise 75 billion US dollars at a valuation of about 1.75 trillion US dollars.

S&P’s decision comes after consultations with investors on possible rule changes, but the index provider opted to retain its existing framework.