SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P

This seems a sensible thing to do. If you change the rules on how things end up on your index, you force everyone using that index to reevaluate it. Your index is now perceived as more volatile (and probably is), and all the finance people need to reevaluate the risk of their index funds and decide if it is now 'growth', 'high growth' or whatever bucket it belongs in based on the new risk profile. And then all the portfolios need to be rebalanced. Which all takes time, more time than was being proposed. The sensible thing to do is to create a new index with the new rules.

Glad there are some grown ups in US leadership

* https://archive.is/https://www.bloomberg.com/news/articles/2...

* https://archive.is/15pOn

See also S&P press release, "S&P Dow Jones Indices Consultation on Treatment of MegaCap Companies - Results":

* https://press.spglobal.com/2026-06-04-S-P-Dow-Jones-Indices-...

Huge relief. Thank God!

The amount of misinformation around this topic was absolutely nuts over the past few days. Good rule of thumb: if a YouTuber or other influencer was pitching doom and relaying this rule change by S&P as a fait accompli, stop following them.

(It was a common misconception on this thread: https://news.ycombinator.com/item?id=48364055.)

Good. I'm surprised, though, that the usual fanboys/stans aren't converging on this to protest how unfair the S&P is.

Good.