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Standard & Poor's Global Corporate stated that it will maintain its existing qualification requirements for major benchmark indices such as the S&P 500, rejecting proposals to quickly include giant companies like SpaceX in the index after they go public. In a news release on Thursday, the S&P index stated that it will not shorten the current 12-month "seasoning period" for new public companies, nor will it exempt them from existing profitability and public ownership requirements based on company size. This means that SpaceX will need to wait at least a year after going public to be included in the S&P 500 index and must meet the index's existing profitability and public ownership requirements, namely that the company must have achieved profitability in the most recent quarter and in the sum of the last four quarters in accordance with GAAP, and have a public ownership ratio of no less than 50%.