SpaceX IPO effect: Will we begin to have index based funds, but they don’t invest in particular index companies?

With the SpaceX IPO coming up – initially I was excited about it.

Then, it was for SpaceX + xAI + Twitter – all of which are not value add, but value subtract from SpaceX.

Now, will there be funds which are technically index based, but don't invest in certain companies?

For example, Fortune 500 fund, but doesn't invest in companies with P/E ratios over 50/100? (Tesla, Crowdstrike, Palantir, Service now, Intuitive Surgical?)

Based on news that Musk is trying to get the listed entity into indexes to attract massive demand from index based funds, I'm no longer confident, that index based funds will be safe from ElonScams.

I am not aware of index based funds which exclude companies on basis of P/E ratio, or specific companies.