S&P Dow Jones Consults on Fast-Tracking Megacap IPOs into S&P 500

S&P Dow Jones Indices is consulting on rule changes to fast-track 'megacap' companies into the S&P 500, relaxing profitability requirements and cutting the minimum wait from 12 months to six. The proposal sets a megacap threshold at the market cap of the 100th-largest S&P Total Market Index company (~$116.3 billion, like Bristol Myers Squibb), potentially qualifying private giants such as SpaceX, OpenAI, Anthropic, Stripe, Databricks, and Waymo. This mirrors Nasdaq's fast-entry rule for Nasdaq-100 effective May 1 (under one month) and similar FTSE Russell efforts, aiming to cut tracking error for passive funds and accelerate IPO demand.