What Happened
Elon Musk's Ambitions Hit Roadblock With Benchmark Index Entry
SpaceX’s anticipated IPO has hit a roadblock as S&P Global reaffirms its existing rules, effectively blocking the company’s swift entry into the S&P 500 index. In contrast, the Nasdaq has moved to fast-track SpaceX’s inclusion in the Nasdaq 100 index, raising concerns about potential exit liquidity for legacy shareholders. Meanwhile, tech stocks are experiencing a decline following a downbeat earnings report from Broadcom, and Bitcoin is on pace for its worst week since February. This news was first reported by CNBC.