S&P Dow Jones Indices said on Thursday that it would not change the requirements for entry into its major indexes, dealing a setback to Elon Musk's SpaceX by effectively ruling out a quick path into the benchmark S&P 500

Mega IPOs won't have a fast track into the S&P 500 like they will for the Nasdaq 100. The decision means SpaceX can't join the index until mid-2027.

SpaceX's Nasdaq IPO targets a $1.75-2 trillion valuation with just 3-4% float. Passive index funds could absorb 30% of tradable shares, risking a price

S&P Dow Jones Indices rejected calls to fast track SpaceX and other upcoming megacap IPOs such as Anthropic and OpenAI into the S&P 500 index.

One fund is doing the opposite of what most ETF issuers would do as the historic listing for Elon Musk's rocket company nears.

SpaceX’s IPO has attracted roughly $150 billion in orders for $75 billion of stock. Investors are watching whether demand builds enough to support a strong first-day rally.

SpaceX targets a record $75 billion IPO at a $1.75 trillion valuation, but Morningstar says the stock is worth far less and investors may be better off waiting.