Business
Stock Indexes Are Contorting Themselves to Include SpaceX and OpenAI
If what you want from your index fund is access to the latest hot stocks, you’re in luck. The passive funds holding trillions of dollars of 401(k)s and other investments are rushing to change their rules as the IPOs of SpaceX, OpenAI and Anthropic draw closer.
The latest, on Thursday, was a proposal from S&P to drop the requirement to make a profit and wait a year for initial public offerings to get into the flagship S&P 500.
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