S&P Weighs Dropping Profitability Requirement for SpaceX, OpenAI IPOs

businessstocks 2 posts · 2 accounts

The Wall Street Journal reported that stock indexes are changing their rules to fast-track giant IPOs such as SpaceX, OpenAI and Anthropic, while stock index funds are also moving to change their rules to include those offerings.

As part of that shift, S&P is proposing to drop its profitability requirement, according to the Journal, a change that would allow such companies to enter indexes more quickly.

From the sources (2 posts)

@cointelegraph

🚨 NEW: Stock indexes are changing their own rules to fast-track giant IPOs like SpaceX, OpenAI and Anthropic, per WSJ. S&P is even proposing to drop the profitability requirement to get them in faster.

@wsj

Like it or not, stock index funds are rushing to change their rules to include the IPOs of SpaceX, OpenAI and Anthropic, writes the WSJ’s James Mackintosh

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