SpaceX has requested unusually swift entry into several leading stock market indexes as a condition of its historic stock market debut. But the S&P 500 stock market index representing many of the largest profitable US companies has surprised market analysts by refusing to bend the rules for Elon Musk’s space and AI company.

The June 4 decision by S&P Dow Jones Indices—the company that creates and manages stock market indexes such as the S&P 500—means that SpaceX will not gain accelerated access to potentially billions more dollars through passive investment funds that automatically purchase shares of S&P 500 companies. An exception for SpaceX could have also allowed leading AI companies such as OpenAI and Anthropic to gain entry not long after their own expected initial public offerings (IPOs). That possibility has now been shuttered.

The news will likely come as a relief to people concerned about passive investor money and people’s retirement savings plans having greater exposure to the market risks associated with SpaceX’s big bet on AI and speculative orbital data center plans. AI companies are generally facing more challenges in funding and building expensive AI data centers, even as they shift more of the subsidized costs of running AI services onto shocked customers through usage-based pricing.

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As more people rely on large language models to provide pat answers to complex questions, state governments are understandably worried about those LLMs spouting what they see as dangerous propaganda promoted by foreign adversaries. To help combat this problem, the government-sponsored Estonian Language Institute (ELI) has released a new "Propaganda Resistance" benchmark ranking dozens of LLMs on their ability to avoid "tak[ing] positions on topics that the Russian Federation uses in its strategic narratives."

As a former member of the Soviet Union that has been independent for just a few decades, many Estonians are particularly alert to what they see as false narratives being promoted from their large and often belligerent neighbor to the east. Alongside volunteer-run Estonian defense collective Propastop, the ELI identified 14 broad categories in which it sees Russian influence operations trying to sway public discussion. These range from narratives on the current status of Crimea and justifications for the war in Ukraine to the history of NATO and justification for Russia's annexation of Baltic states during World War II.

For each category of propaganda, the researchers developed separate questions phrased to be neutral, biased with "false assumptions" based on Russian propaganda, or to maliciously attempt to elicit explicit misinformation from the LLM. Questions were provided to the models in English, Estonian, and Russian, and judged by a separate AI model (calibrated to align with Propastop experts) based on the models' ability to "push back on propaganda narratives, without external help" from web search or other external tools.

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