SpaceX Will Be Worth $1.75 Trillion Next Week but the S&P 500 Won’t Be Adding It

Elon Musk rewrote the IPO playbook in almost every direction for SpaceX. The S&P 500 just reminded him there are rules he cannot rewrite.

S&P Dow Jones Indices confirmed Thursday it is keeping its eligibility rules entirely unchanged, effectively shutting out SpaceX from the world’s most important stock index.

To join the S&P 500, a company must be profitable in its most recent…