No Space X boost for S&P500

S&P Dow Jones Indices untook a market consultation on potential changes to the S&P US Indices and Dow Jones US Total Stock Market Indices methodologies related to MegaCap companies.

The consultation was triggered by the SpaceX IPO and whether to include it on indicies when the company listed.

"Market consultations are the primary mechanism through which our Index Committees engage with market participants and other stakeholders to seek feedback on potential methodology changes," S&P says.

It has annouced that following these consultations "no changes will be made to the eligibility criteria for the S&P 500, S&P MidCap 400, or S&P SmallCap 600."