SpaceX’s $75 billion IPO will exclude it from S&P 500 ETFs for at least two years due to unchanged index eligibility rules.
SpaceX will sell 555.6 million shares in its IPO, raising $75 billion at a $1.77 trillion valuation, setting a record for public offerings. The company’s stock debuts June 12, but it will not join the S&P 500 immediately due to S&P Dow Jones Indices’ decision to maintain a 12-month waiting period for IPO eligibility.
The S&P 500 typically requires companies to wait 12 months post-IPO before inclusion, though exceptions exist. Investors had speculated SpaceX might qualify sooner, but the index provider’s June 4 announcement confirmed no changes to eligibility criteria. This means SpaceX’s earliest possible entry into S&P 500-tracking ETFs like VOO and IVV is June 2027.
The delay affects retail investors seeking exposure to SpaceX through broad-market ETFs rather than individual stock purchases or space-sector funds. The decision underscores the index’s conservative approach despite heightened interest in space-related equities.