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S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic

But in its final decision, the S&P Dow Jones Indices stated that “no changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF.” Even after the standard yearlong wait, SpaceX, Anthropic, and OpenAI may struggle to deliver the consistent profitability necessary to qualify for the S&P 500. Money rules and exceptions Swift entry into the S&P 500 would have triggered $14 billion of passive fund buying for SpaceX, according to Bloomberg I...

Read more at arstechnica.com

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