Mega-IPO candidates including SpaceX are expected to face a long road to entry to the S&P 500 Index, after the company that makes the rules rejected a proposal that included relaxing the requirement that they be profitable.
S&P Dow Jones Indices’ index committee declined to remove a rule that companies generate positive net income for the past year, including the most recent quarter, the firm announced Thursday after a month-long consultation.
Evercore ISI research analysts don’t expect Elon Musk’s rocket, satellite and artificial intelligence company to generate positive net income on an annual basis until 2027, according to ...
