S&P 500 rejects SpaceX, also blocking entry for OpenAI and Anthropic
The S&P 500 index committee has declined to waive its profitability requirements for SpaceX, blocking its entry alongside leading generative AI companies OpenAI and Anthropic. Standard & Poor's enforces strict listing rules requiring four consecutive quarters of cumulative positive GAAP earnings. Despite the massive private valuations and market presence of these generative artificial intelligence pioneers, the committee chose not to grant exemptions for high-growth but currently unprofitable structures. This decision highlights ongoing tensions between traditional public market benchmarks and capital-intensive AI companies that rely on heavy private venture funding and computing infrastructure investments. (source: https://arstechnica.com/tech-policy/2026/06/sp-500-blocks-fast-spacex-entry-wont-waive-rule-for-unprofitable-ai-firms/)