SpaceX's profitability requirements under GAAP will delay its entry into the S&P 500 despite rapid Nasdaq-100 inclusion
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"This isn't bureaucratic red tape. It is the product of decades of hard lessons about what makes an index durable, reliable, and trustworthy for the trillions of dollars benchmarked against it."
"Unlike Nasdaq, the S&P 500, which is used by an estimated $13 trillion in passive funds alone, did not change its inclusion rules, meaning SpaceX will have to wait longer before entering that even larger pool of funds."
"S&P Global has retained its existing eligibility criteria, including the requirement that companies be profitable under Generally Accepted Accounting Principles (GAAP) in both the latest quarter and on a cumulative basis over the previous four quarters. SpaceX reported a net loss of $4.94 billion in 2025, making it ineligible for immediate inclusion under current rules."