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Reuters
Fri, May 29, 2026 astatine 8:29 AM CDT 1 min read
COPENHAGEN, May 29 (Reuters) - Danish pension money Akademikerpension said connected Friday it had placed SpaceX connected its portfolio exclusion database ahead of the company's archetypal nationalist offering, citing concerns about the governance operation and what it said was an overvalued stock.
• Market indications constituent to a valuation of astatine slightest $1.8 trillion for SpaceX, Akademikerpension said successful a statement, adding that it was hard to warrant a market valuation supra $1 trillion.
• Investors are asked to judge an unprecedentedly debased hazard premium for a highly uncertain company, the pension money said.
• SpaceX did not instantly respond to a petition for remark erstwhile contacted by Reuters via email.
• Akademikerpension besides said the governance operation of SpaceX was "extremely deficient", adding that Elon Musk is expected to power much than 80% of the voting rights portion simultaneously serving arsenic main enforcement officer, chief exertion serviceman and chair of the board.
• "The utmost attraction of powerfulness efficaciously prevents the committee from exercising meaningful oversight and makes it intolerable to region Musk against his will," Akademikerpension said.
(Reporting by Louise Rasmussen, editing by Terje Solsvik)
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