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Source document· July 10, 2026

Subversive Capital files 'Ex-Elon' ETFs with the SEC that strip Tesla and SpaceX from the S&P 500 and Nasdaq-100

View original at finance.yahoo.com
Subversive Capital files 'Ex-Elon' ETFs with the SEC that strip Tesla and SpaceX from the S&P 500 and Nasdaq-100 If you're sickened at the thought of making the world's first trillionaire richer, a pair of proposed anti-Elon ETFs may pique your interest…
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  • Subversive Capital's ETFs aim to provide capital appreciation by buying a broad universe of large-capitalization U.S. equity securities while excluding securities of companies founded, controlled, or led by Elon Musk, or with which Musk is otherwise primarily associated

    60% confidence
  • SpaceX's inclusion in the Nasdaq-100 could attract $4.3 billion from fund managers forced to add it to their Nasdaq-related portfolios

    60% confidence
  • 36% of Americans have a 'very unfavorable opinion' of Elon Musk

    60% confidence
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What we're seeing
AI Capital Boom Meets Valuation Jitters: Funding Surges While Bellwether Stocks Wobble
A dense wave of AI-sector funding (Socure, Stability AI, Emerald AI, Generalist AI, Gatik, Regent Craft and others closing rounds on the same day) and strong enterprise-automation earnings (UiPath raising full-year guidance) point to continued heavy capital deployment into AI infrastructure, fintech-adjacent AI, and agentic automation. Yet Palantir's stock fell even after winning the Army's high-profile TITAN contract, and commentary (e.g., the Alphabet bull case citing AI capex and regulatory risk) signals growing investor unease about whether current AI valuations and spending levels are sustainable.
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Satellite-Terrestrial Network Integration Acceleration
Increased investment and launches in hybrid satellite-cellular networks across telecom industry; competitive responses from other carriers; regulatory activity around satellite spectrum; expansion of emergency/rural connectivity use cases
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Where sources disagree
JPMorgan Chase & Co.
Both facts represent the same entity (JPMorgan Chase & Co.), same attribute (EPS), and same observation date (2025-12-31), which aligns with FY 2025 year-end reporting. Fact A explicitly states FY 2025 with EPS of 20.02 USD/share. Fact B has an unspecified fiscal period (N/A) but reports 4.63 USD, a significantly different value (4.3x lower). Given identical observation dates and the same metric, both facts appear intended to represent FY 2025 annual EPS. The conflicting values (20.02 vs 4.63) constitute a direct contradiction. The N/A period in Fact B suggests incomplete or corrupted metadata rather than legitimate time-period variation.
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Subversive Capital files 'Ex-Elon' ETFs with the SEC that strip Tesla and SpaceX from the S&P 500 and Nasdaq-100 — Source | Via News | Via News