12-Month “Seasoning”: A company must trade publicly on a major exchange for at least 12 months. Got to wait until at least next year
Profitability: A company must report positive GAAP net income over the most recent quarter, and over the last four quarters combined. Starlink is profitable, and the rockets are almost break even. xAI, Twitter and all the other shit means a 5bn loss
Float Requirements: The company must have a sufficient amount of its shares available for public trading (at least 10%). SpaceX float was 4.3%. More shares need to be offered
Right, I guess in my limited knowledge opinion, if a company actually qualifies for an index, let them join. But don’t be d te rules so Elon can write billions in debt off to Joe Taxpayer.
S&P rejected the proposal last I read.
12-Month “Seasoning”: A company must trade publicly on a major exchange for at least 12 months. Got to wait until at least next year
Profitability: A company must report positive GAAP net income over the most recent quarter, and over the last four quarters combined. Starlink is profitable, and the rockets are almost break even. xAI, Twitter and all the other shit means a 5bn loss
Float Requirements: The company must have a sufficient amount of its shares available for public trading (at least 10%). SpaceX float was 4.3%. More shares need to be offered
Right, I guess in my limited knowledge opinion, if a company actually qualifies for an index, let them join. But don’t be d te rules so Elon can write billions in debt off to Joe Taxpayer.