Comptrollers of several large states sending legal demand letters to NASDAQ, FTSE Russell, and LSE for justification of their index rule changes before the SpaceX IPO

https://www.reuters.com/legal/government/states-challenge-nasdaq-ftse-russell-fast-tracking-spacex-2026-06-11/ https://comptroller.nyc.gov/reports/letter-to-the-london-stock-exchange-group-and-ftse-russell-re-spacex/ “In light of those interests and our respective fiduciary duties, we respectfully request that the London Stock Exchange Group (LSEG) and FTSE Russell reconsider the implementation of the Russell US Indexes IPO fast-entry rule and related eligibility changes, given deep concerns abo