SpaceX-Tesla Merger: Passive Flows ‘Hack’, Could Bring More BTC Exposure to S&P 500

Sean Hagan breaks down why a Tesla-SpaceX merger is a no-brainer, connecting passive index flows to Strategy's MSCI inclusion and S&P 500 entry. Tesla and SpaceX have formed a special committee to explore a merger that would create the largest equity in the world by market cap. In this clip, Sean Hagan breaks down why the deal is a “no brainer” on first principles: a combined company earns a higher index weighting and captures more passive flows than either firm alone. He connects it to the MSCI decision on Strategy and why passive flows matter for Bitcoin treasury companies.