An index fund like the S&P500 is not the S&P500. It is stuck competing in a world of low margin pain.

I sincerely hope S&P and Nasdaq rollback the SpaceX-targeted changes, but unfortunately I seriously doubt it.

Dimensional funds have a type of index factor funds that roughly track these indices without strict adherence to S&Ps inclusion rules. That's the only one I'm aware of.

IZZ, or in other words fuck em.