Danish Pension Fund AkademikerPension Blacklists SpaceX Over Valuation and Governance Concerns
By
Frances Schwartzkopff
A respectable bake. You'd come back tomorrow for another.
Summary
AkademikerPension, a $25 billion Danish pension fund, has blacklisted SpaceX from its investment portfolio, citing the company as "grossly overvalued" with a "catastrophic governance structure." This follows the fund's earlier decision this year to divest from US Treasuries amid political tensions over Donald Trump's threats to seize Greenland. The move comes as SpaceX targets a valuation of at least $1.8 trillion in its upcoming IPO.
Key quotes
· 1 pulledThe company is not only 'grossly overvalued' but also marred by a 'catastrophic governance structure.'
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