hope my Danish pension fund PFA doesn't do the same
Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
191–200 of 560 posts
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#192I'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 reg…
I’m going to be selling out of my Nasdaq ETF too. Such a shame.
Buuut if Anthropic does the same and lists on the Nasdaq then I might reconsider.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#193The 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…
But it’s at the whim of someone who I think nobody can describe as stable or trustworthy. Starlink the technology is great, Starlink the company has a massive weight attached to it.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#194Earlier 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.
Because I don't really trust any of them, and I don't believe that the business is self-sustainable. At the moment we're in a phase where CTOs are able to withdraw money from the corporate bank accounts to be "on the cutting edge", but I don't think that's going to last. I'd rather have my money in something else.
Index funds adjust based on performance of the underlying stocks, so it doesn’t really matter if one of them does poorly. The index fund will adjust. When you buy an index fund like the S&P 500, you’re taking a position that the mega-caps it comprises as a whole will give you outsized returns over extended periods of time.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#195I'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.
Same. Though I’m 85%+ VOOG
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#196I really want a QQQ/VOO replacement that excludes these new rushed IPOs that are just exit liquidity. There are ETFs that exclude harmful industries like gambling, weapons and tobacco. How about an ETF that doesn't include IPOs for six months or until insider lock ups periods are over.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#197The 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…
> If Elon hadn't shifted so far to the right
A symptom of his fickle nature and erratic behavior, as well as general poor impulse control, all of which rightfully make people skittish with their money and question his judgment.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#198The 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…
Interesting definition of "struggling", as in "managed to catch the largest booster rocket ever built with by snatching it mid air, and land the largest space ship in the ocean using a belly flop maneuver that everyone said was crazy and would never work".
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#199I'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.
> I really don't want my investments to be in SpaceX, OpenAI or Anthropic.
This just being an incomplete list or is there another reason you name the last two but not Google?
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#200I'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 reg…
Apparently my US index fund is based on MSCI, which is even worse: eligible after 10 trading days. Although the float-adjusted market cap calculation should lessen the blow.