MSCI confirmed that it will follow its prevailing rules to fast-track the inclusion of large IPOs into its Global Standard Indexes, paving the way for the inclusion of SpaceX (SPCX.US). This means that if SpaceX is added to these benchmark indexes, passive investment funds will be required to purchase shares of SpaceX.SpaceX’s IPO will raise USD75 billion, valuing the company at USD1.75 trillion. It is expected to rank among the top 10 listed companies in the US by market capitalization. MSCI said SpaceX is scheduled to begin trading on the Nasdaq on June 12 and is expected to join the MSCI indexes after 10 trading days.Related NewsAPI Crude Oil Stock Change for Jun/05 in the United States is -9.119 million, lower than the previous value of -6.750 million. The forecast was -3.4 million.However, S&P declined last week to fast-track SpaceX’s inclusion in the S&P 500, reiterating that it will not change its requirement that constituent companies must be profitable.(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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