<body><p>STORY: A company needs to trade on public markets for at least 12 months before it is even considered for the S&P 500 That means Elon Musk's SpaceX would not be eligible before June 2027 at the earliest for entry into any S&P indexes.</p><p>But index provider FTSE Russell said SpaceX is eligible for inclusion in both the Russell U.S. Equity Indexes, including the Russell 1000, and FTSE Global Equity Index Series.</p><p>For many years, the performances of the large-cap Russell 1000 and S&P 500 have "been very similar," Brown said. "But if one has SpaceX and one doesn't, we might see a big divergence in performance."</p><p>"What this ultimately means is that it's becoming really an active decision of which benchmark to choose," she added.</p></body>
