“Subversive Markets Lab LLC has filed with the SEC to launch two new ETFs designed to track major U.S. indexes while excluding companies founded, controlled, or led by Elon Musk.”

[COMMENTARY] This post might seem somewhat unusual for this site; however, I’ve previously discussed the ethics of Elon Musk’s absolute control of SpaceX. He controls 79% of SpaceX’s voting shares with just 42% of the equity, via two classes of shares. One class of shares are commonly called ‘super-voting’ shares. Generally, the ethical investment industry has decried such arrangements as they relegate other investors who bring in the investment cash to having virtually no say in the company’s operations! Hence, not only have some ethical and even conventional funds stayed away from SpaceX — but we see new funds created specifically to avoid Elon Musk companies!
New “Ex-Elon” ETFs Aim To Strip Tesla (NASDAQ: TSLA) And SpaceX From Investor Portfolios, by Ewan Scott, July 12, 2026, Foreign Policy Journal, USA.