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Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

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Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#181

Post by originalvichy »

spacebanana7 wrote: post #172
Hamuko wrote: 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.

Why not Anthropic? They’re a very rare company capable of charging $200 per month per seat level fee across the corporate workforce. Yes their compute costs are astronomical, but that can be managed down over time by more efficiency or mild enshittification that doesn’t create too much churn.

You would think you’re investing in a software technology company, but after reading a bit of news stories, you realize you’re quite literally funding war crimes. If I invested in an arms company, I’d have reasonable expectations about what I invest in. Investing in Anthropic at surface level looks like investing in software for hobbies and business.

It’s pretty depressing to be honest. I don’t know how I could work in any of these military industry companies.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#182

Post by SwellJoe »

throwfaraway135 wrote: post #166

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

What's political is a policy change to "fast track" companies into the Nasdaq 100. Spacex is the first to benefit from this loophole that allows them to be added to indexes almost immediately after listing, which likely is a license to steal a bunch of regular folks retirement money. Elon Musk doesn't need more ways to steal people's money.

The unfortunate thing is, a lot of people have no idea this rule change has gone into effect, and that they're about to get fleeced by a bunch of professional investors.

https://www.kiplinger.com/investing/what-the-nasdaqs-new-fas...

It's legalized theft, and the victims are people least able to defend themselves from it. Most people have no idea what's in their retirement accounts, or track very closely what's being tracked by the index funds they've been told for decades was the safest way to invest in the stock market for non-pros.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#183

Post by cryo32 »

throwfaraway135 wrote: post #166

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

Not even remotely politically motivated.

It doesn't matter if it's successful or not. Their space business is worth virtually nothing on paper and the funding structures and profit/loss accounts are scary.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#185

Post by SwellJoe »

gbil wrote: post #167
throwfaraway135 wrote: post #166

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

The company is wildly overvalued. It'd be funny if Musk wasn't about to walk away with a bunch of money stolen from retirement accounts.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#186

Post by ekianjo »

originalvichy wrote: post #181
spacebanana7 wrote: post #172

Earlier quoted context omitted.

Why not Anthropic? They’re a very rare company capable of charging $200 per month per seat level fee across the corporate workforce. Yes their compute costs are astronomical, but that can be managed down over time by more efficiency or mild enshittification that doesn’t create too much churn.

You would think you’re investing in a software technology company, but after reading a bit of news stories, you realize you’re quite literally funding war crimes. If I invested in an arms company, I’d have reasonable expectations about what I invest in. Investing in Anthropic at surface level looks like investing in software for hobbies and business. It’s pretty depressing to be honest. I don’t know how I could work…

> you’re quite literally funding war crimes

What difference with Microsoft, amazon and google? They all heavily support the military.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#187

Post by bluescrn »

throwfaraway135 wrote: post #166

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

While the Starship project may be struggling, Falcon 9 is still a massive success, with a successful launch every couple of weeks, making up most of humanity's access to space/LEO right now.

And Starlink is a pretty big deal, particularly in a time of conflict where undersea cables are very vulnerable.

If Elon hadn't shifted so far to the right, these threads would be near-universally praising SpaceX despite Starship's struggles.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#188

Post by andsoitis »

originalvichy wrote: post #181
spacebanana7 wrote: post #172

Earlier quoted context omitted.

Why not Anthropic? They’re a very rare company capable of charging $200 per month per seat level fee across the corporate workforce. Yes their compute costs are astronomical, but that can be managed down over time by more efficiency or mild enshittification that doesn’t create too much churn.

You would think you’re investing in a software technology company, but after reading a bit of news stories, you realize you’re quite literally funding war crimes. If I invested in an arms company, I’d have reasonable expectations about what I invest in. Investing in Anthropic at surface level looks like investing in software for hobbies and business. It’s pretty depressing to be honest. I don’t know how I could work…

All major indices have always included defense contractors.

Also, when you buy into an index fund, you are not funding the companies that the index tracks. That’s a misunderstanding of how the markets and index funds work.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#189

Post by SwellJoe »

Hamuko wrote: 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.

With the new Nasdaq 100 fast track rule, I'd certainly get out of any index that tracks it, or any funds that are invested in it. I don't know if any other indexes have had similar policy changes...but, if it works this time, and insiders are able to steal a few billion dollars from retirement funds without people even realizing it, I'm sure it'll become more commonplace until we have a functional government that regulates this kind of crime.

https://www.kiplinger.com/investing/what-the-nasdaqs-new-fas...

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#190

Post by bestouff »

ekianjo wrote: post #186
originalvichy wrote: post #181

Earlier quoted context omitted.

You would think you’re investing in a software technology company, but after reading a bit of news stories, you realize you’re quite literally funding war crimes. If I invested in an arms company, I’d have reasonable expectations about what I invest in. Investing in Anthropic at surface level looks like investing in software for hobbies and business. It’s pretty depressing to be honest. I don’t know how I could work…

> you’re quite literally funding war crimes What difference with Microsoft, amazon and google? They all heavily support the military.

(S)he said: "pulling my money from all of the US funds that I currently have".

Edit: OK, no the same person.

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