S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
Summary
Ars Technica reports that S&P Dow Jones Indices refused to waive profitability and seasoning requirements for SpaceX, blocking accelerated entry into the S&P 500 and delaying potential entry for OpenAI and Anthropic. The article outlines the implications for passive funds, compares with Nasdaq and FTSE index moves, and notes SpaceX's current unprofitability and heavy AI-related investments. It highlights potential impacts on investors and the broader AI funding landscape.