S&P Denies SpaceX Fast Index Entry, Delaying $14BN In Passive Inflows By At Least A Year
S&P Denies SpaceX Fast Index Entry, Delaying $14BN In Passive Inflows By At Least A Year Earlier today, in our forensic analysis of the SpaceX IPO, we said that according to BNP estimates, the company's inclusion into the S&P500 some 6 months after the offering would unlock $13.4 billion worth of inflows. It turns out that that is not going to happen 6 months after the IPO. In fact, the earliest it may happen is 12 months after Friday's break for trading... and realistically well...
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