Akademikerpension Excludes SpaceX Citing High Valuation
Akademikerpension excluded SpaceX from its portfolio ahead of an IPO. The fund cited Elon Musk's control and a valuation it considers difficult to justify.
Xurve View
洞察:
Xurve View
Denmark pension fund Akademikerpension excluded SpaceX from its portfolio ahead of an IPO, citing a valuation exceeding $1.8 trillion. The fund's exclusion reflects a broader debate among institutional investors over whether private aerospace companies merit the premium multiples demanded in recent funding rounds. Minority shareholders face governance risks given Elon Musk's dominant voting control and executive concentration.
