S&P Keeps 12‑Month Seasoning Rule, Blocking SpaceX Fast‑Track to S&P 500
S&P Dow Jones Indices announced it will maintain the existing 12‑month seasoning period and profitability/float rules for newly listed mega‑cap IPOs. Consequently, SpaceX and other large IPOs will not receive fast‑track inclusion into the S&P 500, postponing billions of dollars of passive‑fund inflows.