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by @jimpick.com
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It's really important to see pushback from the markets against super massive trillion dollar IPOs from SpaceX, Anthropic, and OpenAI. They don't want AI companies with comically inflated market cap forcing prompt purchase of their shares through index funds / 401ks. www.bloomberg.com/news/article...
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S&P Dow Jones Indices will keep its existing eligibility requirements for main benchmarks like the S&P 500 Index, rejecting proposals that would have made it faster for mega-cap companies such...
www.bloomberg.com
SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P
Ben West