S&P's SpaceX Snub Highlights Index Power

SpaceX's exclusion from the S&P 500 index, despite its significant valuation, underscores the power wielded by index gatekeepers. This situation draws parallels to Elon Musk's past criticisms of passive investing and ESG indexes. The decision highlights the stringent criteria and influence of index providers like S&P Dow Jones Indices in determining which companies gain inclusion, impacting investor access and market perception.