Technically, it doesn't force anybody to do anything. Funds can create an All Word ex-SpaceX fund that follows a passive index but short sells spaceX so that it follows everything in the index but SpaceX and investors can do the same.
Hardly anyone will do this though and they know it so Elon will get a big public offering from this. Investment Bankers pushed this to help Musk's IPO. I doubt it was Musk's influence alone that accomplished this nor do I think Musk even thought of the idea. The IBanks wanted a higher fee return.
Technically, it doesn't force anybody to do anything. Funds can create an All Word ex-SpaceX fund that follows a passive index but short sells spaceX so that it follows everything in the index but SpaceX and investors can do the same.
Hardly anyone will do this though and they know it so Elon will get a big public offering from this. Investment Bankers pushed this to help Musk's IPO. I doubt it was Musk's influence alone that accomplished this nor do I think Musk even thought of the idea. The IBanks wanted a higher fee return.