New 'Ex-Elon' ETFs exclude Tesla and SpaceX from indexes

This article was published on July 10, 2026 Subversive ETFs has filed for two funds that mirror the Nasdaq-100 and S&P 500 but strip out Tesla and SpaceX, a response to index rules that made SpaceX hard to avoid Elon Musk listening to a talk at the Amazon Connectivity and Protection event in 2022 TL;DRSubversive ETFs has filed with the SEC for two “Ex-Elon” funds, the Nasdaq-100 Ex-Elon Enterprises ETF (QQNE) and the S&P 500 Ex-Elon Enterprises ETF (SPNE), that track those indexes but exclude any company “founded, controlled or led by” Elon Musk, currently Tesla and SpaceX. The trigger was SpaceX’s 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. Subversive ETFs has filed with the SEC for two “Ex-Elon” funds, the Nasdaq-100 Ex-Elon Enterprises ETF (QQNE) and the S&P 500 Ex-Elon Enterprises ETF (SPNE), that track those indexes but exclude any company “founded, controlled or led by” Elon Musk, currently Tesla and SpaceX. The trigger was SpaceX’s fast-tracked Nasdaq-100 inclusion, which forced passive investors to hold it. The actively-managed funds (higher fees) ar