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Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

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Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#161
post #24

Earlier quoted context omitted.

Imagine buying the most overvalued company of all time helmed by a crazy man who does Nazi salutes. Payback period? Who cares! Orbital class booster yayyyy

Say what you want about nazis, but they are good at rockets.

“I aim for the stars… but sometimes I hit London.”

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#162

Earlier quoted context omitted.

It may list fast, but it covers many more securities from what I understand so it’s insulated. I think the fact is that any broad market ETF is gonna own at least some piece of a $1 trillion company.

well that's the problem, right? There is no justification for a trillion dollar Elon Musk valuation. And he and his investors know this. That's why they're trying to change the rules to dump the stock while it's irrational on every investor in the world. If they really believed in the value of the company, would they be bribing people to scam the index funds?

VTI is float-adjusted so it will not treat SpaceX as if it has a trillion-dollar valuation. It will only consider the publicly tradable portion.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#163
post #24

Earlier quoted context omitted.

Imagine not wanting to own a piece of the first company to make a re-usable orbital class booster.

Imagine buying the most overvalued company of all time helmed by a crazy man who does Nazi salutes. Payback period? Who cares! Orbital class booster yayyyy

So I guess the numerous Dems who’ve made the exact same gesture (Mamdani being the most recent) are all “Nazis” too? ::rolleyes::

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#164

Earlier quoted context omitted.

Can you provide an example of a history book that lists minor shareholders of companies?

https://old.reddit.com/r/EconomicHistory/comments/zynvvq/who... Their names are known and are part of history now. Maybe not famous but certainly better than being a forgotten weathered tomb stone after 5 centuries.

Those appear to be major shareholders.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#165
That's a great start, now they need to add pretty much anything swept up in the AI Ponzi scheme that NVidia and others are running. The circular money flows are astounding once on see them. LLMs and "AI" is great, until you actually have to pay for it an an un-subsidized price. I'm working to do that locally, on a machine I control, for my own personal uses. (I'm old, and retired)

The whole market is running on fumes, most of the actual value of the physical economy has been extracted by the Epstein class. It will not be pretty when it implodes, and people have to actually make things for a living again. (I've worked in a job shop, making gears, I know what its like).

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#167

The criticism seems politically motivated. Considering what happened to Blue Origin, SpaceX's success is commendable. Although I agree $1.8T seems crazy.

>Akademikerpension also said the governance structure of SpaceX was "extremely deficient", adding that Elon Musk is expected to control more than 80% of the voting rights while simultaneously serving as chief executive officer, chief technology officer and chair of the board.

Their skepticism seems pretty valid to me

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#169
post #168

I've recently been thinking about pulling my money from all of the US funds that I currently have. I really don't want my investments to be in SpaceX, OpenAI or Anthropic.

> been thinking about pulling my money from all of the US funds that I currently have

What’s holding you back? And what alternative investments are you considering?

I recently did homework to decide whether to double down on VOO (S&P 500 index) or to diversify via VXUS (ex-US index), and concluded VOO is better for my risk-adjusted ROI outlook and time horizon.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#170
post #24

Earlier quoted context omitted.

Imagine buying the most overvalued company of all time helmed by a crazy man who does Nazi salutes. Payback period? Who cares! Orbital class booster yayyyy

So I guess the numerous Dems who’ve made the exact same gesture (Mamdani being the most recent) are all “Nazis” too? ::rolleyes::

Mind sharing a video of what you're talking about? I've heard this response many times since the inauguration, but I've never seen an actual video showing a comparable gesture.
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