this post was submitted on 30 May 2026
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510
A Danish pension fund has blacklisted SpaceX, calling it grossly overvalued with catastrophic governance (thenextweb.com)
submitted 1 day ago* (last edited 1 day ago) by beep@piefed.world to c/technology@lemmy.world
30 comments fedilink hide all child comments
 

cross-posted from: https://piefed.world/c/tech/p/1160169/a-danish-pension-fund-has-blacklisted-spacex-calling-it-grossly-overvalued-with-catastro

AkademikerPension will not buy SpaceX shares at any price near the $1.8 trillion IPO target, saying the company cannot reasonably be worth more than $1 trillion and that Musk’s voting control makes it effectively uninvestable

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[–] SaveTheTuaHawk@lemmy.ca 2 points 23 hours ago (1 children)

Teachers PF won't touch this IPO with a 12m pole.

[–] anon_8675309@lemmy.world 3 points 22 hours ago* (last edited 22 hours ago) (1 children)

I don’t know how the teachers funds work. But if they invest in index funds they’ll be affected.

[–] sunbeam60@feddit.uk 3 points 21 hours ago

It depends if they invest it in funds that track the Nasdaq directly. If they do, yes then they’ll get dragged in for a fast pump and dump.