Daily Briefing: S&P 500 Tells OpenAI and Anthropic to Get Profitable First

The S&P Dow Jones Indices committee refused to waive its profitability requirement for mega-cap IPOs, blocking OpenAI, Anthropic, and SpaceX from fast-track index inclusion. This decision, combined with OpenAI's reported pivot to a 'super app' platform for higher margins and the Trump administration's proposal for government equity stakes in AI companies, reveals how traditional financial infrastructure is holding firm — forcing AI companies to adapt their business models to meet existing standards rather than bending the rules to accommodate unprecedented valuations.

STORIES COVERED

S&P 500 rejects fast-track entry for SpaceX, blocking path for OpenAI and Anthropic —  ...