Tesla and SpaceX have formed a special committee to explore a merger that would create the world’s largest listed company by market capitalization. Sean Hagan argues that the deal would capture more passive flows than either company alone because of its greater index weighting. He compares this mechanism with MSCI’s decision regarding Strategy and its implications for bitcoin treasury companies. The hosts also ask whether the merger could serve as a workaround for SpaceX’s inclusion in the S&P 500.
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