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Danish pension fund excludes SpaceX citing governance and valuation

Danish pension fund excludes SpaceX citing governance and valuation

vrganj

Comments (201)

  • devlovstad
    I have AkademikerPension as my pension fund through work and this move suits me quite well. They've already excluded Tesla as well as a variety of companies that profit of weapon production, fossil fuel production or are suspected for human rights violations.https://akademikerpension.dk/ansvarlighed/ekskluderede-selsk...
  • runeks
    I wanted to see how well Akademikerpension has done wrt. returns. This graph shows average yearly return from the financial crisis 2009 until 2021 and they are actually the best performing among other Danish pension funds [1].[1] https://www.finanshus.dk/wp-content/uploads/2023/02/Pensions...
  • brikym
    I really want a QQQ/VOO replacement that excludes these new rushed IPOs that are just exit liquidity. There are ETFs that exclude harmful industries like gambling, weapons and tobacco. How about an ETF that doesn't include IPOs for six months or until insider lock ups periods are over.
  • paulbjensen
    The Financial Times' Unhedged Podcast covered the SpaceX IPO recently and highlighted the same issues that the Danish pension fund raised concerns about.https://www.ft.com/content/a401b0c0-fcc0-4bae-9f57-e8d5c0957...
  • Alifatisk
    I am thinking of moving over my investments from S&P 500 to S&P 500 ESG, as they have excluded SpaceX and Tesla.
  • swingboy
    Apologies for the naivety, but, why is SpaceX valued so high? Starlink? Are rockets really a lucrative business? Don’t get me wrong, being able to send objects up into orbit is cool, but is it $1.8T cool?
  • zdc1
    With schemes like SpaceX, and the general number of large-cap-but-negative-earnings companies trading on the market, I feel like the conventional wisdom of DCA and chill / just passively buy the index will turn into an underperforming strategy vs a slightly more active or opinionated approach.
  • fuglede_
  • ChrisArchitect
  • throw672
    American gov is gonna invade Greenland for sure for not cooperating with american conmen
  • neonstatic
    I am waiting to see if the same outrage will be in place when Anthropic and OpenAI go public. This surely isn't just a dislike of a certain individual, is it?
  • beardyw
    Presumably Musk will sue them.
  • haunter
    I don’t think this is politically motivated but posting this on HN (and the 2nd time reaching the front page) sure is
  • andyjohnson0
    For those commenting that this decision may have a political element: Greenland is a part of the Kingdom of Denmark.Musk is a prominent Trump/MAGA supporter, and Trump has threatened to annex Greenland by force. SpaceX is part of Trump's Golden Dome project, and one of the reasons that Trump wants Greenland is to site ICBM detection and interceptor systems.
  • ksimukka
    (Apologies for the bad grammar, my son was born a little over 24 hours ago. I’m choosing not to use a LLM, so you are getting the real me)Even sovereign funds (example Norway) are invested in American tech, funds, and indexes.It is interesting to think about (from the perspective of an immigrant to Norway) how I moved my life’s savings from the US to Norway.I’m now fully invested into Norway (real estate, savings, and retirement).My understand is that Norwegians (and the nordics) have historically looked up to the US as a world leader.I think that is no longer true and maybe this decision by Denmark is a data point of how the Nordics are changing?It kind of feels like we all have been caught holding the bag (US reserve currency) and now we have to carefully unwind our position.I’ve lost my point. Maybe my goal here is to just contribute to this discussion to distract from the exhaustion.
  • dbg31415
    Good move.Elon is rigging the stock market and getting index funds to invest in companies that are over-valued and thus not stable.https://m.youtube.com/watch?v=sYA-z0Y8WRQ
  • Hamuko
    I've recently been thinking about pulling my money from all of the US funds that I currently have. I really don't want my investments to be in SpaceX, OpenAI or Anthropic.
  • seydor
    I mean it isn't like it was automatically included.
  • jonasf1337
    hope my Danish pension fund PFA doesn't do the same
  • hparadiz
    Oh this duplicate post again. SpaceX stock may as well be bonds on space flight. I'd buy them at a loss.
  • throwfaraway135
    The criticism seems politically motivated. Considering what happened to Blue Origin, SpaceX's success is commendable. Although I agree $1.8T seems crazy.