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A Danish pension fund has blacklisted SpaceX, calling it grossly overvalued with catastrophic governance (thenextweb.com)

submitted 5 months ago by beep@piefed.world to c/technology@lemmy.world

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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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[–] ExcessShiv@lemmy.dbzer0.com 4 points 5 months ago

This is unfortunately way too real. How a supposedly professionally managed fund can loose money when prretty much the entire market is trending upwards is almost impressive.

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