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> Under current rules, these fast-growing companies would be excluded from the S&P500 for potentially years, until they reach 12 months of profitability.

> And you are vastly overstating the effect of S&P500 fast tracking, the plan was to reduce it from 12 months to 6 months; which is more than enough time for the market to find a price.

They might never reach 6 months of profitability, let alone 12 months.

> which is more than enough time for the market to find a price

The price markets find would still inevitably be influence by the knowledge that the demand would increase massively in a few months.

> inclusion criteria reward companies that prioritize profit over growth

Or stable and sustainable growth. Whatever else SpaceX, OpenAI, Anthropic valuations are price in extremely optimistic growth. But yeah, I do see a point that including adequately priced growth stocks could be a net benefit but of course accouting for the actual valuation would turn index funds into managed ones.

Thankfully its not an issue at all since there is Nasdaq 100.

Thank absolute Christ none of the companies you just listed will enter SP500 by default. The Risk/Reward is not functionally there to fast track companies and all of the examples you listed are too big to keep coasting on venture capital. Let them be public for 6+ months and let's see where they are at in the eyes of the public markers and then their inclusion can be re-evaluated.

What's the downside for the average pension holder with a 30 year horizon if they miss 6 months of Elon's newest scheme?

My mistake: it was Nasdaq that is being reduced to days, not S&P. Thanks.