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The S&P 500, managed by S&P Global Dow Jones Indices, on Thursday, announced it was beginning consultation on rule changes that could potentially help Elon Musk-led SpaceX gain an expedited entry into the index.
S&P 500 Rule Changes
The rule changes include letting IPOs enter the index six months after their debut on an eligible index instead of a 12-month period, according to current rules.
The index also proposed eliminating a minimum Investable Weight Factor (IWF) of 0.10 for megacap companies. The IWF is a methodology used to calculate the number of shares of a company available to trade on the market.
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