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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 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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[–] 11 points 5 months ago (2 children)

This makes me feel better about exchanging all US index funds in my 401k into International index funds. I may regret this because markets can be irrational for a long time, but it certainly feels like the US is circling the drain. The fallout will impact International of course, but what else is there to invest in?

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