Space Stocks Crash After S&P Kills SpaceX Index Catalyst - ARK Space & Defense Innovation ETF (BATS:ARKX)

SpaceX blocked from early U.S. benchmark index entry as S&P reaffirms existing rules

S&P Global said Thursday it was not changing the requirements for entry into its major indices, dealing a setback to the IPO plans of Elon Musk's SpaceX.