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

The page covers several key developments in U.S. stock markets as of June 4, 2026. Highlights include a drop in Nasdaq futures influenced by negative forecasts from Broadcom, while the Dow Jones sets a new record. The article discusses the trend of buying the dip in chip stocks and how the auto industry is joining the AI investment momentum. Additionally, analysts are predicting an ongoing 'earnings supercycle' that may drive stock performance. The S&P Dow Jones Indices has decided to maintain its existing eligibility criteria for major benchmarks, notably keeping a 12-month seasoning period for new entries. This decision diverges from changes made by competitors like Nasdaq.

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SpaceX signage in the lobby of the Goldman Sachs headquarters in New York.

SpaceX signage in the lobby of the Goldman Sachs headquarters in New York. Photographer: Kena Betancur/Bloomberg

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By Isabelle Lee

June 4, 2026 at 5:56 PM EDT

Updated on June 4, 2026 at 6:35 PM EDT

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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 as Elon Musk’s SpaceX to gain rapid entry into the benchmark after going public.

The index provider in a press releaseBloomberg Terminal Thursday said it will not shorten the 12-month seasoning period for newly public companies it currently has or waive existing profitability and public-float requirements based on a company’s size, diverging from a broader industry shift embraced by rivals Nasdaq Inc. and FTSE Russell.

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