Scott Galloway unpacks whether the S&amp;P and Nasdaq rule changes for mega-cap IPOs mean you&#x27;re no longer as diversified as you think, gives advice on thriving in a fully remote sales role, and reflects on what investment banking and the corporate world really teach you. Want to be featured in a future episode? Send a voice recording to officehours@profgmedia.com, or drop your question in the r/ScottGalloway subreddit. Plus, you can now call or text Scott a question at our new Office Hours hotline: ‪(201) 472-3656‬. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Is Wall Street Rigging the Game for SpaceX? Plus, What Investment Banking Really Teaches You

The Prof G Pod with Scott Galloway

# Full Transcript

**Podcast:** The Prof G Pod with Scott Galloway

## Transcript

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Welcome to Office Hours with Prof G. This is the part of the show where we answer your questions about business, big tech, entrepreneurship, and whatever else is on your mind. If you'd like to submit a question for next time, you can send a voice recording to officehours at PropGmedia.com. Again, that's officehours at PropGmedia.com. Or post your question on the Scott Galloway subreddit, and we just might feature it in our next episode. Plus, now you can call or text us a question at 201-472-3656. Again, that's 201-472-3656. All right, let's bust into it.

Our first question comes from a listener who emailed us. Why aren't more alarm bells going off about the rule changes such that SpaceX can get into the NASDAQ and the next month will be forced to buy shares? It seems like corruption to me. Also, the fact that there's no recourse against Elon, no matter how atrocious his behavior may become. Thanks.

Okay, some context here. Major stock indices are rewriting their inclusion rules specifically, if not explicitly, to accommodate blockbuster IPOs. SpaceX most immediately, but OpenAI and Anthropik are also in the pipeline for 2026. For the NASDAQ 100, their new fast entry rules mean mega cap stocks can be added to the index just 15 trading days after their IPO, down from the historic seasoning period of three months.

This applies to companies with market cap ranking within the top 40 members of the NASDAQ 100, and fast entry inclusions won't require an already listed security to be dropped, allowing the index to temporarily exceed 100 constituents. FTSE Russell also changed rules to allow faster inclusion of mega cap IPOs in the S&P 500. The S&P considered shortening the seasoning period, waiving minimum flow requirements and removing its profitability requirement, but ultimately said it wasn't making any changes, dealing a ...

Is Wall Street Rigging the Game for SpaceX? Plus, What Investment Banking Really Teaches You

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Is Wall Street Rigging the Game for SpaceX? Plus, What Investment Banking Really Teaches You

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.