Wow, the S&P Dow Jones Indices has just officially announced that they will NOT be changing their inclusion rules to make it easier for “MegaCap” companies (such as @SpaceX) to be fast-tracked into the S&P 500.
Their reasoning:
"S&P DJI determined that exceptions to the financial viability, seasoning, and IWF requirements should not be granted solely based on market capitalization. The decision not to adopt the proposed exceptions preserves core index principles by maintaining consistent application of these key requirements. Although there may be trade-offs between strict adherence to these eligibility requirements and broad representativeness, the current methodology provides substantial market coverage and sector balance. As a result, the indices can continue to meet their stated objectives while preserving their role as representative and investable benchmarks for the U.S. equity market.
No changes will be made to the eligibility criteria including financial viability screens, seasoning period, or minimum IWF, for the S&P 500, S&P MidCap 400, or S&P SmallCap 600 as a result of the S&P Dow Jones Indices consultation on the treatment of MegaCap companies. Accordingly, there will be no changes to existing methodology for this index family."
This means that the earliest @SpaceX could be eligible to be added to the S&P 500 would now be June 2027.
The requirements that will now remain in place are:
• No changes to S&P 500 eligibility rules for mega-cap companies.
• Mega-cap companies will still need to wait 12 months after their IPO before being considered for S&P 500 inclusion.
• S&P will not waive profitability requirements for mega-cap companies. The company must have positive GAAP net income in the most recent quarter, and the sum of the most recent four consecutive quarters.
• S&P will not waive minimum public float requirements for mega-cap companies. At least 10% of a company's shares must be publicly tradable ("free float").
The S&P rejected proposals that would have:
• Reduced the IPO seasoning period from 12 months to 6 months
• Waived profitability requirements
• Waived minimum public float requirements
Anushka Sharma left India to live in 4 AQI of London, eats the most unadulterated food items in the world, jogs in clean lanes, lives around the most advanced healthcare system.
Then comes home occasionally and preaches unscientific cures using Homeopathy to Indians who breathe in 400+ AQI Air, eat adulterated food and walk in garbage and dirt.
Anthropic has confidentially submitted a draft S-1 registration statement to the Securities and Exchange Commission.
Pending completion of SEC review, this gives us the option to pursue an initial public offering.
Read more: https://t.co/onGZAhRLvD
CBSE’s May 2025 tender required answer sheets to be scanned with automatic robotic scanners, spines preserved, at a minimum of 300 DPI.
The tender re-issued in August quietly removed all of it. “Scanners” became generic. Resolution dropped to 200 DPI.
Now we know what that meant in practice. It has been exposed that COEMPT scanned the answer sheets using mobile phones.
The blurred copies, the missing pages, the unscanned books - they are not “errors.” They are the predictable outcome of a contract written to fit a vendor.
This is fraud. And every child whose marks were wrongly evaluated is a victim of it.
This morning, the Prime Minister had time to speak about mangoes. He has not had time to speak about 18.5 lakh children whose answer sheets were scanned with phones.
Dharmendra Pradhan ji still sits in office.
Modi ji’s silence is no longer indifference. It is complicity.