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Pension Fund Blacklists SpaceX Ahead of IPO
3 Jun
Summary
- Akademikerpension flagged SpaceX due to governance concerns.
- The Danish pension fund cited overvaluation as a reason.
- SpaceX is placed on the fund's exclusion list.
Danish pension fund Akademikerpension has officially placed SpaceX on its portfolio exclusion list. This significant decision was announced on Friday, May 29th. The move precedes SpaceX's expected initial public offering (IPO), signaling investor caution.
Akademikerpension cited specific concerns about SpaceX's internal governance structure. Furthermore, the pension fund stated that it believes the company's stock is currently overvalued. These factors combined led to the decision to exclude SpaceX from its investment portfolio.
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