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In response, NYSE is planning to do similar for their S&P which has even broader reach than the NASDAQ 100. finance.yahoo.com/markets/stoc...

The thing that extra worries me is that this potentially makes him - and SpaceX - Too Big to Fail. If he drives the company into the ground, expect a lot of wailing and gnashing of teeth from the Financial Sector, plus demands that it get bailed out to save index funds and so forth.

100 percent agree with this. you can have a private company or a public one, but the dual class structure is just a fraud against the public bsky.app/profile/john...

How in the world might one possibly protest this in any sort of productive fashion? Who actually had the power to decide not to do this?

I’m a casual observer so maybe I’m missing something but: He buys Twitter. It loses lots of money, so he merges it with Tesla, where he’s bored with cars so he focuses on AI and robots and loses a lot of money, so he merges it with SpaceX, where his savvy business acumen will enrich us all?

There's no reason for dual share classes to exist for publicly traded companies. Need to be banned. Awful from both a capitalist and socialist perspective. The CA wealth tax using control is a nice bonus, but need far more than that.

Value also seems high given the regulatory risk i.e. a Dem president in 2028 running on "no government funding for Elon Musk" and putting his nazi salute in campaign ads on loop

Should 🏃‍♂️ on sending Musk to The Hague. Bet that’s a winning strategy

At $75B market cap it would be about 0.35% of the QQQ and less than 0.2% of the S&P. I do think it's an attractive candidate to short, but I wouldn't say it's worth worrying about the amount being held by index funds until/unless they sell a lot more shares.

The biggest heist by the richest nazi.