‍SPACEX CONTROVERSY: INVESTOR PROTECTION COALITION APPLAUDS S&P'S 'PRINCIPLED LEADERSHIP'

WASHINGTON, DC – JUNE 5, 2026 – The Alliance to Protect Shareholder Value applauded S&P Dow Jones after yesterday’s announcement that the index will maintain its eligibility requirements for inclusion in the S&P 500 and will refuse to change its rules to allow SpaceX to be fast-tracked:

We applaud S&P for standing by its established policies, putting the interests of index fund investors over those of Musk and early SpaceX investors. SpaceX already made dangerous and unprecedented attempts to gut shareholder protections when it included forced arbitration, a class action waiver, and severe limits on derivative actions in its governing corporate documents and IPO filing — the company’s demands for special treatment from major indices is one more way that SpaceX is putting Elon Musk’s interests over the interests of its shareholders as well as retail and index investors throughout the nation.

S&P’s refusal to capitulate illustrates the steady, principled leadership that investors and the American public have every right to expect from its institutions. We urge other index providers to follow S&P and stand by the principles and standards that have long made U.S. capital markets the envy of the world.