cross-posted from: https://piefed.world/c/tech/p/1160169/a-danish-pension-fund-has-blacklisted-spacex-calling-it-grossly-overvalued-with-catastro
AkademikerPension will not buy SpaceX shares at any price near the $1.8 trillion IPO target, saying the company cannot reasonably be worth more than $1 trillion and that Musk’s voting control makes it effectively uninvestable
Except the Danish government-mandated pension fund ATP that everyone is forced to contribute to. If you want to hit jackpot just invest opposite of what ATP is investing.
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The last 8 years straight they’ve lost money though…
That appears to be fundamentally false.
Not when you look at their entire (investment) business. an article from the biggest danish financial paper outlines it (paywalled)