DANISH PENSION FUND BLACKLISTS SPACEX

The Danish pension fund joins a small but growing list of institutional investors questioning SpaceX's current market valuation. The fund cited two primary concerns: corporate governance issues and an overvalued share price that doesn't align with fundamentals. This decision comes as SpaceX has pursued multiple funding rounds at increasingly high valuations, most recently valued at over $180 billion. The fund's exclusion signals that some sophisticated investors remain unconvinced by the company's current pricing, despite its technical achievements in rocket reusability and satellite deployment. The Danish fund previously made headlines earlier this year by divesting from U.S. Treasuries amid geopolitical tensions. That move demonstrated the fund's willingness to take contrarian stances on major assets when it identifies what it views as mispricing or unacceptable risks. SpaceX did not respond to requests for comment regarding the exclusion.