if you're invested in a broadly diversified index you can be annoyed by this thing, but it won't impact you a lot.

E.g. if you owned something based on MSCI ACWI, which is free float weighted and global, SpaceX will end up being less than 1% of your portfolio even at a trillion dollar valuation.

It's just NASDAQ which is complicit in this scam by overweighting SpaceX.