It’s not based it’s just that every investor can see that AI has no actual profitable future. Also no one wants to have anything to do with the company run by Elon Musk, he has nothing to contribute and tends to spend his entire time generating bad PR.
These are what we call financially sound decisions.
’ S&P said “exceptions to the financial viability, seasoning, and IWF (investable weight factor) requirements should not be granted solely based on market capitalization”.
To be included in the S&P 500, a company must be profitable under Generally Accepted Accounting Principles in its most recent quarter as well as for the sum of its most recent four quarters, according to one of the rules S&P left unchanged.
SpaceX posted a net loss of $4.94 billion in 2025, even as revenue rose 33% to $18.67 billion.’
It’s not based it’s just that every investor can see that AI has no actual profitable future. Also no one wants to have anything to do with the company run by Elon Musk, he has nothing to contribute and tends to spend his entire time generating bad PR.
These are what we call financially sound decisions.
I don’t think the refusal has anything to do with those real reasons but more the arrogance of spacex in not following the rules for ipo’s.
https://www.reuters.com/business/finance/sp-global-keeps-fast-entry-proposal-unchanged-spacex-listing-looms-2026-06-04/
’ S&P said “exceptions to the financial viability, seasoning, and IWF (investable weight factor) requirements should not be granted solely based on market capitalization”. To be included in the S&P 500, a company must be profitable under Generally Accepted Accounting Principles in its most recent quarter as well as for the sum of its most recent four quarters, according to one of the rules S&P left unchanged. SpaceX posted a net loss of $4.94 billion in 2025, even as revenue rose 33% to $18.67 billion.’