Denmark's AkademikerPension Excludes SpaceX from Portfolio Due to Governance Concerns

A $25B fund just refused SpaceX at any price.

Denmark's AkademikerPension has excluded SpaceX from its entire portfolio.

It won't buy in the IPO or on any secondary market.

The fund values SpaceX at $1T, half its $1.8T target.

CIO Anders Schelde cited a catastrophic governance structure.

Musk holds 85% of voting power and cannot be removed.

A small Danish fund is pricing in what bigger institutions only whisper.

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#SpaceX governance #investment decisions #Denmark fund #Elon Musk #institutional investing