Such rule changes would have accommodated SpaceX’s plan to only offer approximately 3 percent of its IPO shares to public investors, and the fact that SpaceX is currently unprofitable with a growing debt load that has reached $29 billion because of its spending spree on AI infrastructure.

The company took an unconventional route in setting its share price.

SpaceX's entry will take longer after S&P Dow Jones Indices declined to relax rules for megacap IPOs. Reuters U.S. M&A Editor-in-Charge Echo Wang examines the IPO and whether sky-high multiples are justified or reflect the so-called Musk premium.

SpaceX has been denied a fast track into the S&P 500 when the rocket and satellite company goes public, in a ruling that cuts off quick access to one of the biggest pools of Wall Street money.

Elon Musk’s rocket company, on the cusp of the largest initial public offering ever, will soon end up in index funds after rule changes by Nasdaq and other index providers.

Google has just signed a $30 billion AI computing power deal with SpaceX.

SpaceX secured a $920M per month deal with Google for compute capacity, boosting its revenue before an anticipated IPO.

Elon Musk’s rocket company said Google would pay it $920 million a month, as it prepared for its initial public offering.

SpaceX could soon land in a major index fund sitting in your retirement account, but it won't immediately make it into the S&P 500.