{"id":738251,"date":"2026-07-11T03:35:17","date_gmt":"2026-07-11T00:35:17","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/new-ex-elon-etfs-exclude-tesla-and-spacex-from-indexes\/"},"modified":"2026-07-11T03:35:17","modified_gmt":"2026-07-11T00:35:17","slug":"new-ex-elon-etfs-exclude-tesla-and-spacex-from-indexes","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/new-ex-elon-etfs-exclude-tesla-and-spacex-from-indexes\/","title":{"rendered":"New &#8216;Ex-Elon&#8217; ETFs exclude Tesla and SpaceX from indexes"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af12278946a7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af12278946a7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/new-ex-elon-etfs-exclude-tesla-and-spacex-from-indexes\/#TLDR\" >TL;DR<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/new-ex-elon-etfs-exclude-tesla-and-spacex-from-indexes\/#Why_a_fund_to_avoid_one_man\" >Why a fund to avoid one man<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/new-ex-elon-etfs-exclude-tesla-and-spacex-from-indexes\/#Conviction_has_a_cost\" >Conviction has a cost<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"article-main-content\">\n<p><em><\/p>\n<div class=\"postContent-tldr\">\n<h4 class=\"postContent-offsetTitle\"><span class=\"ez-toc-section\" id=\"TLDR\"><\/span>TL;DR<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Subversive ETFs has filed with the SEC for two \u201cEx-Elon\u201d funds, the Nasdaq-100 Ex-Elon Enterprises ETF (QQNE) and the S&amp;P 500 Ex-Elon Enterprises ETF (SPNE), that track those indexes but exclude any company \u201cfounded, controlled or led by\u201d Elon Musk, currently Tesla and SpaceX. The trigger was SpaceX\u2019s fast-tracked Nasdaq-100 inclusion, which forced passive investors to hold it. The actively-managed funds (higher fees) are slated to launch around 21 September 2026.<\/p>\n<\/div>\n<p><\/em><\/p>\n<p>An investment firm is offering a way to invest in the broad market without owning Elon Musk\u2019s companies. New York-based Subversive ETFs has filed with the SEC for two \u201cEx-Elon\u201d funds,\u00a0<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-07-09\/wall-street-finds-a-new-way-to-help-investors-avoid-elon-musk\" target=\"_blank\" rel=\"nofollow noopener\">Bloomberg reports<\/a>.<\/p>\n<p>One fund tracks the Nasdaq-100 and the other the S&amp;P 500. Both exclude any company \u201cfounded, controlled or led by\u201d Musk.<\/p>\n<p>The products are the Nasdaq-100 Ex-Elon Enterprises ETF and the S&amp;P 500 Ex-Elon Enterprises ETF, ticker symbols QQNE and SPNE. Filings point to a launch around 21 September.<\/p>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/media.thenextweb.com\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/media.thenextweb.com\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/p>\n<div class=\"channel-cta-input\">\n<p class=\"channel-cta-title\">The \ud83d\udc9c of EU tech<\/p>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>For now, the exclusions mean no Tesla and no SpaceX. Other Musk ventures, like Neuralink and the Boring Company, are not publicly traded, and the screen could extend to OpenAI, which Musk co-founded, if it ever lists.<\/p>\n<p>The funds are actively managed and aim to hold at least 80% of their assets in their index minus the excluded names. Active management typically carries higher fees than a plain index tracker.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_a_fund_to_avoid_one_man\"><\/span>Why a fund to avoid one man<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The direct trigger was SpaceX joining the Nasdaq-100. A rule change fast-tracking mega-cap listings meant the newly public rocket firm entered major indexes quickly, pulling it into\u00a0the funds that track them.<\/p>\n<p>That forces passive investors to hold SpaceX whether they want to or not. Analysts have flagged that hundreds of billions in index-tracking assets were set to buy the stock automatically, a dynamic critics call\u00a0a wealth transfer toward existing shareholders.<\/p>\n<p>Not everyone wants that exposure. Some object to SpaceX\u2019s\u00a0governance, where Musk keeps dominant voting control, while others question its valuation, and a\u00a0Danish pension fund has already blacklisted it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Conviction_has_a_cost\"><\/span>Conviction has a cost<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Screening out a company is not free, and that cuts both ways. SpaceX slipped nearly 7% on its first day in the Nasdaq-100, which would have spared Ex-Elon holders the drop.<\/p>\n<p>But excluding a stock also means forgoing its gains, and Musk\u2019s firms have\u00a0created enormous wealth for early backers. An investor betting against them is making an active call, not a neutral one.<\/p>\n<p>The funds also sit in a small but growing niche of values- and politics-driven investing. Whether many savers actually route money through a single-person exclusion screen is the open question these tickers will answer.<\/p>\n<p>For now, the pitch is simple, and narrow. If you want the index without one particular founder, there is finally a box to tick.<\/p>\n<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" target=\"_blank\" >Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/subversive-ex-elon-etfs-exclude-musk-companies\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Subversive ETFs has filed with the SEC for two \u201cEx-Elon\u201d funds, the Nasdaq-100 Ex-Elon Enterprises ETF (QQNE) and the S&amp;P 500 Ex-Elon Enterprises ETF (SPNE), that track those indexes but exclude any company \u201cfounded, controlled or led by\u201d Elon Musk, currently Tesla and SpaceX. The trigger was SpaceX\u2019s fast-tracked Nasdaq-100 inclusion, which forced passive&#8230;<\/p>\n","protected":false},"author":1,"featured_media":738252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/media.thenextweb.com\/2024\/09\/Untitled-design-3.avif","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-738251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/738251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=738251"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/738251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/738252"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=738251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=738251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=738251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}