Luke Vargas

You spoke to a number of manufacturers for this story.

I'm curious where the disconnect here is between industrial policy and sort of outcomes.

What are the roadblocks folks are contending with?

All right.

So those are some of the challenges, Dave, on the ground.

And yet I suspect if we look big picture, we might get some clearer answers about why it's proving so difficult to bring back a golden age of American manufacturing.

Dave, appreciate you stopping by.

Thank you so much for the update.

Thanks for having me.

Coming up, the day's top business stories as SpaceX angles to get an early invite to Wall Street's most exclusive indexes.

That and more after the break.

Not content to simply IPO this year, we're exclusively reporting that SpaceX is pushing for an early inclusion in indexes like the S&P 500 or NASDAQ 100 after its listing.

Typically, companies have to wait several months to a year to prove their post-IPO stability and liquidity in order to enter those indexes.

This week, the Nasdaq shared proposals to update how it lets companies into the Nasdaq 100, including one that would allow especially large companies to join within 15 trading days.

At their current valuations, SpaceX, OpenAI, and Anthropic would all qualify.

So why the rush?

I asked Journal Finance Editor Alex Frankos.

Right.

That argument makes sense, Alex.

But I imagine there's probably reasons why the indexes might not want to go along with this.