What Happened
Elon Musk's Company Begins Investor Roadshow Amid IPO Plans
S&P Global has denied SpaceX’s bid for fast-track entry into the S&P 500 index, citing existing requirements for index entry. This decision comes as SpaceX begins its investor roadshow for its record IPO, which is expected to be one of the largest in history. According to Reuters, SpaceX has set a price of $135 for its IPO, which is seen as a key test of the company’s ability to attract investors. The development was first reported by Reuters.