New York, USA | Recent financial reports revealed a surprise for investors. Even if SpaceX is listed on the stock exchange soon. It may take many years to join the S&P 500 index. This index is the most prominent representative benchmark for the US stock market. These expectations come amidst precise financial analyses. They point to strict profitability standards imposed by the index committee.
On the other hand, analysts at Evercore ISI conducted a special analysis. The analysis explained that SpaceX will not be profitable annually before 2027. Based on this, Bloomberg indicated the possibility of a delay. The company might not be listed in the prestigious index until after 2028.
Strict Criteria for S&P 500 Companies
In a related context, the S&P 500 index is the primary benchmark for major funds. The index committee imposes precise technical conditions to ensure quality. It requires stocks to be listed for at least one year. It also requires achieving net profits for four consecutive quarters. In addition to meeting precise requirements regarding the float percentage.
Furthermore, the committee confirmed its firm stance. It will not apply any exceptions for fast listing. This represents a contrast to previous decisions by other indices. Like Nasdaq and FTSE, which allowed fast listing for major companies.
Lessons Learned from the “Tesla” Experience and the AI Sector
On another note, experts believe this approach protects market stability. Professor Jay Ritter stated that listing SpaceX is inevitable. Unless its space business model fails later. Historically, Tesla took ten full years. From its listing in 2010 until joining the S&P 500 index in 2020. The main reason was the delay in the continuous profitability requirement.
In conclusion, this delay may not be limited to SpaceX alone. It extends to leading AI companies. Such as Anthropic and OpenAI, which are looking forward to IPOs. Despite their rapid growth, these companies face massive operational costs. This makes achieving profitability a distant goal currently. Placing them before similar challenges in the future listing path.
