Webpack doesn’t work well with wasm modules created with Emscripten

Feature request

What is the current behavior?
The modularized JS emitted by Emscripten registers a global with a given name that loads the wasm file on invocation, initializes the wasm runtime and returns a Module.

Making it work with Webpack is quite hard as there seems to be interference with Webpack 4 defaults.
This is the webpack.config.js that I came up with:

const webpack = require("webpack");
const path = require("path");

module.exports = {
  mode: "development",
  entry: "./index.js",
  output: {
    path: path.resolve(__dirname, "dist"),
    filename: "bundle.js"
  },
  module: {
    defaultRules: [
      {
        type: "javascript/auto",
        resolve: {}
      }
    ],
    rules: [
      {
        test: /fibonacci\.js$/,
        loader: "exports-loader"
      },
      {
        test: /fibonacci\.wasm$/,
        loader: "file-loader",
        options: {
          publicPath: "dist/"
        }
      }
    ]
  },
  // This is necessary due to the fact that emscripten puts both Node and
  // web code into one file. The node part uses Node’s `fs` module to load
  // the wasm file.
  // Issue: https://github.com/kripken/emscripten/issues/6542.
  plugins: [new webpack.IgnorePlugin(/(fs)/)]
};

(Here is a minimal test project in a gist that you can clone and build with npm start. Docker required!)

edit:
In the meantime, @sokra informed that that I can simplify the configuration a bit (and make it less like a sledgehammer):

module.exports = {
  /* ... */
  browser: { 
    "fs": false // ← !!
  },
  module: {
    rules: [
      /* ... */
      {
        test: /fibonacci\.wasm$/,
        type: "javascript/auto", // ← !!
        loader: "file-loader",
        options: {
          publicPath: "dist/"
        }
      }
    ]
  },
};

Unexpected things I had to do

• I needed to overwrite defaultRules as otherwise some sort of default rule will run in addition to the ones I specified and making webpack error “Module parse failed: magic header not detected” (try it!)
• I needed to specify file-loader for the wasm file as otherwise webpack tries to resolve the names of the wasm module’s import object like env, which are provided by the JS file.
• I needed to set a locateFile() function as webpack changes the file (and potentially path) of the wasm file and Emscripten hardcodes that name (not visible here but in the gist)

I am not sure what the right course of action here is, but considering that most wasm projects are going to be built with Emscripten, I feel like it’s worth making it easier.

Happy to answer Qs to give y’all a clearer picture.

What is the expected behavior?

Ideally, Webpack would recognize the typical Emscripten JS files and automatically bundle the accomodating wasm module and make paths work.

Other relevant information:
webpack version: 4.8.3
Node.js version: 10
Operating System: Mac OS 10.13.4
Additional tools:

Start with the linked minimal test project and its webpack.config.js, index.js, fibonacci.js, and fibonacci.wasm; run npm start to reproduce the current setup. Compare the required defaultRules, file-loader, and locateFile configuration with Webpack’s wasm handling. Done means a typical Emscripten output is bundled automatically and its wasm path works without this custom configuration.