This misses the most important quote - what the rule actually is.
To be included in the S&P 500, a company must be profitable under Generally Accepted Accounting Principles in its most recent quarter as well as for the sum of its most recent four quarters, according to one of the rules S&P left unchanged.
SpaceX posted a net loss of $4.94 billion in 2025, even as revenue rose 33% to $18.67 billion
Yup. You want to speculate on SpaceX, then no one is stopping you. You may even make a shitload of money if you do it right (based on recent valuations I’m not so sure, though), but maximizing short term capital gains based on vibes is absolutely not what the S&P 500 is used for.
If SpaceX is actually consistently profitable, they’ll be in the index in one year. Is what it is.
This misses the most important quote - what the rule actually is.
Which is a completely reasonable rule.
Yup. You want to speculate on SpaceX, then no one is stopping you. You may even make a shitload of money if you do it right (based on recent valuations I’m not so sure, though), but maximizing short term capital gains based on vibes is absolutely not what the S&P 500 is used for.
If SpaceX is actually consistently profitable, they’ll be in the index in one year. Is what it is.