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SpaceX won’t make the S&P 500

Choose your index wisely

While we were sleeping, S&P Dow Jones Indices came out with their long awaited results to their Consultation on How We Jimmie SpaceX into Our Index Consultation on Treatment of MegaCap Companies.

Following consultations by Nasdaq, FTSE Russell, and Morningstar CRSP — all of whom decided to throw the previous rule book out the window and fast-track inclusion of the megacap telecom value stock — we’d thought this was going to be a formality. We were wrong.

Our emphasis:

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