丹麦养老基金将SpaceX列入黑名单：治理状况堪忧且估值严重过高

The Danish pension fund AkademikerPension has decided to add SpaceX to its "exclusion list," citing concerns over the company's governance practices. This decision comes as SpaceX prepares for an IPO, seeking a valuation of at least $1.8 trillion. According to insiders, the company plans to raise up to $75 billion, which, if successful, would make it the largest IPO in history. AkademikerPension, which manages approximately $25 billion in assets, has previously excluded Tesla (TSLA.O) and U.S. Treasury bonds from its portfolio for sustainability reasons.

The fund stated that its "primary reason" for avoiding SpaceX is related to ESG (Environmental, Social, and Governance) factors, "particularly the company's extremely poor performance in governance matters." The pension fund added, "That said, if we assessed that SpaceX represented a highly attractive investment opportunity, we could not justify this decision from a return-on-investment perspective." "However, as long-term investors, our view is that the company's valuation has also become severely overvalued." (Jin Shi)