TECH NEWS

New ‘Ex-Elon’ ETFs let investors track the market while skipping Musk’s companies

TL;DR

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) are slated to launch around 21 September 2026.

An investment firm is offering a way to invest in the broad market without owning Elon Musk’s companies. New York-based Subversive ETFs has filed with the SEC for two “Ex-Elon” funds, Bloomberg reports.

One fund tracks the Nasdaq-100 and the other the S&P 500. Both exclude any company “founded, controlled or led by” Musk.

The products are the Nasdaq-100 Ex-Elon Enterprises ETF and the S&P 500 Ex-Elon Enterprises ETF, ticker symbols QQNE and SPNE. Filings point to...

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These 5 mixer grinders helped me prep masalas, chutneys, and smoothies faster with less effort

In Q4, Microsoft's Anthropic investment saw a $3.2B gain, while its OpenAI investment was marked down ~$600M but has generated a $5B gain on a full-year basis

Today’s NYT Mini Crossword Answers for Thursday, July 30

The Growing Challenge of Digital Identity Is Shaping IntegraTRACE’s Vision for Enterprise Visibility