S&P 500 Closes at 7,584.32 After Blocking SpaceX Fast-Track

On June 5 the S&P 500 closed at 7,584.32 after S&P Dow Jones Indices reaffirmed its June 4 decision to keep existing eligibility rules unchanged. The index provider rejected proposals to shorten the 12-month seasoning period or waive GAAP profitability requirements, blocking immediate inclusion for SpaceX despite its planned $75 billion IPO and $1.75 trillion valuation. The stance diverges from Nasdaq’s 15-day rule and FTSE Russell’s fifth-day entry, shifting early price discovery to active investors while SpaceX begins trading June 12 but faces at least a one-year wait for S&P 500 consideration.