Key Points
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SpaceX is expected to join the S&P 500 and Nasdaq-100 shortly after its IPO.
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The company, which is unprofitable, breaks some of the traditional rules for S&P 500 inclusion.
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The change in admission standards could impact index fund performance.
Investing in index funds like the Vanguard S&P 500 ETF (NYSEMKT: VOO) and the State StreetSPDR S&P 500 ETF(NYSEMKT: SPY) has proven to be one of the best strategies of all time.
These index funds give you exposure to the S&P 500 (SNPINDEX: ^GSPC), or 500 of the top publicly traded American companies across a range of sectors as curated by S&P Global, making them an easy way to get diversification and growth. The S&P has long had strict criteria for its membership to ensure that the index…
