S&P 500, confirmed refusal to include SpaceX immediately after its listing

S&P 500 decided on 6 following 12 not to include SpaceX in the index immediately after its listing. This decision means that index funds and exchange-traded funds (ETFs) that directly track 500 will not hold SpaceX during the initial period following its listing.

The inclusion decision was made according to S&P 500's operating criteria. Internal criteria, including the proportion of publicly traded shares, are applied when determining index constituents.

SpaceX's listing attracted significant market attention. However, if its inclusion in the index is rejected, automatic purchases by S&P-tracking funds will not occur.

Meanwhile, S&P 500is 6as of month 11day, has risen this year by 8%. The index's upward trend since the start of the year and whether SpaceX is included are moving independently.

Newly listed stocks that are not included in the index provide exposure only through individual purchases. Therefore, institutional and individual investors differ in how they hold them immediately after listing.

As a result of this decision, the exposure of large pension funds and capital based on S&P 500will for the time being remain structured without including SpaceX. If SpaceX subsequently meets the inclusion requirements, the possibility of adding it to the index will be reviewed again.