532
A Danish pension fund has blacklisted SpaceX, calling it grossly overvalued with catastrophic governance (thenextweb.com)
submitted 5 months ago by to c/technology@lemmy.world
27 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

you are viewing a single comment's thread
view the rest of the comments
[–] 9 points 5 months ago*

It's made up value so he can borrow against it. You dont pay taxes on borrowed money.

  • permalink
  • fedilink
  • source
  • parent