S&P 500: No Fast Track For SpaceX (cont)

If S&P is serious about not removing the profitability requirement, it's very possible that SpaceX will never meet eligibility requirements for the S&P 500.

This is absolutely catastrophic for Musk and Nasdaq's Mega-Cap Squeeze (https://mastodon.online/@mastodonmigration/116693970097030371) as it likely requires the huge pool of S&P backed index funds forced purchases to keep the squeeze going.

It will be interesting to see what happens now with Nasdaq, Russell and CRSP

#SpaceX #SpaceXIPO