Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
bloomberg.com
May 29, 2026
1 min read
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Summary
A $25 billion Danish pension fund has blacklisted SpaceX, citing concerns over its "catastrophic governance structure" and labeling the company as "grossly overvalued." SpaceX is targeting a valuation of at least $1.8 trillion for its initial public offering.
Key Takeaways
- AkademikerPension, a $25 billion Danish pension fund, has blacklisted SpaceX due to concerns over its governance structure.
- The pension fund describes SpaceX as "grossly overvalued" ahead of its planned initial public offering, which targets a valuation of at least $1.8 trillion.
- Anders Schelde, the chief investment officer of AkademikerPension, cited "catastrophic governance" as a primary reason for the decision to avoid investing in SpaceX.
Community Sentiment
Positives
- The potential for SpaceX to revolutionize space travel with reusable orbital class boosters remains a significant achievement, showcasing the company's innovative capabilities.
Concerns
- Concerns about SpaceX's governance and financial management raise doubts about its long-term viability, suggesting that its current valuation may not be justified.
- The rapid changes in index rules to include SpaceX could lead to forced investments in companies perceived as poorly governed, which may alienate investors focused on ethical standards.