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Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

bloomberg.com

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Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#211

Post by l23k4 »

ksimukka wrote: post #210

(Apologies for the bad grammar, my son was born a little over 24 hours ago. I’m choosing not to use a LLM, so you are getting the real me) Even sovereign funds (example Norway) are invested in American tech, funds, and indexes. It is interesting to think about (from the perspective of an immigrant to Norway) how I moved my life’s savings from the US to Norway. I’m now fully invested into Norway (real estate, savings,…

>I think that is no longer true and maybe this decision by Denmark is a data point of how the Nordics are changing?

No, this is just standard pension fund governance.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#212

Post by bauerd »

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…

>I don’t know how I could work in any of these military industry companies.

You'd sing a different song quite quickly once the threat stops being abstract as you don't get to free-ride on the security a defense industry provides.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#213

Post by shivpat »

ksimukka wrote: post #210

(Apologies for the bad grammar, my son was born a little over 24 hours ago. I’m choosing not to use a LLM, so you are getting the real me) Even sovereign funds (example Norway) are invested in American tech, funds, and indexes. It is interesting to think about (from the perspective of an immigrant to Norway) how I moved my life’s savings from the US to Norway. I’m now fully invested into Norway (real estate, savings,…

Get off your phone and enjoy the time lol - journal instead if you must write something

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#214

Post by u1hcw9nx »

lain98 wrote: post #206
brikym wrote: post #196

I 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.

VTI avoids these issues. It's float adjusted market cap weighted. More float allows better price discovery. So a company like spacex has negligible weight.

So are other major index funds. That's not the problem.

The problem is that the NASDAQ 100 and most likely also S&P 500, change their rules to permit SpaceX to be added early without traditional time for price discovery. It happens jsut five trading days before the major index rebalance.

After float adjustment SpaceX could be 1% of NASDAQ and 0.7% of SP500, but after full tranche escalation that takes over 130 days, SpaceX weight can be over 3% of NASDAQ and almost 2% of SP500 if the market cap stays near $1.5T.

(I think the price will decrease, so the weight will be smaller)

This is just a ploy to get exit liqudity as brikym, said. SpaceX collects enough capital to pay Twitter acquisition loans and then some, but the IPO not major boost for SpaceX finances. The coming merger with Tesla is clearly in the plans (C stocks).

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#215

Post by YawningAngel »

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.

I don't think it's politically motivated at all. My impression of this IPO is that it's designed to inflate SpaceX's perceived value by offering very limited float and aggressively seeking to capture passive money by bargaining for inclusion in indices it would not otherwise be eligible for. Speaking as a passive investor myself, I want my money nowhere near this company until it meets the old eligibility criteria.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#216

Post by pimeys »

ksimukka wrote: post #210

(Apologies for the bad grammar, my son was born a little over 24 hours ago. I’m choosing not to use a LLM, so you are getting the real me) Even sovereign funds (example Norway) are invested in American tech, funds, and indexes. It is interesting to think about (from the perspective of an immigrant to Norway) how I moved my life’s savings from the US to Norway. I’m now fully invested into Norway (real estate, savings,…

As a Nordic (Finland), I think this is true. In the history, US has been always admired and we've loved to travel there and cherish the culture. Damn, I was there when Conan O'Brien traveled to Helsinki, and greeting him with this massive crowd of people who really love him. I married an American, I've traveled through the country multiple times with my partner. Love the food, people, the nature, the cities.

But this has definitely changed for me now. The idea of crossing the border and having to flip a coin is the border control guy a nice guy or not is not appealing as a diabetic who needs his phone to be with him untampered and who doesn't want to sit in a cell somewhere for days/weeks because they posted a funny meme of a person you can't joke about. Or who just witnesses this absolute inequality happening, and who witnesses the leaders of this country coming to my country and giving their support for parties who want me to not marry and who doesn't want to see me existing.

I am just tired. And sad. I wish I could get our relationship back with the US but I don't know... Even if we backtrack from here, get back to the "olden times", it will take a moment until I can enjoy US again.

P.S. Conan is still a treasure!

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#217

Post by simonjgreen »

ksimukka wrote: post #210

(Apologies for the bad grammar, my son was born a little over 24 hours ago. I’m choosing not to use a LLM, so you are getting the real me) Even sovereign funds (example Norway) are invested in American tech, funds, and indexes. It is interesting to think about (from the perspective of an immigrant to Norway) how I moved my life’s savings from the US to Norway. I’m now fully invested into Norway (real estate, savings,…

Congratulations, and enjoy your time :)

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#218

Post by pseudony »

ksimukka wrote: post #210

(Apologies for the bad grammar, my son was born a little over 24 hours ago. I’m choosing not to use a LLM, so you are getting the real me) Even sovereign funds (example Norway) are invested in American tech, funds, and indexes. It is interesting to think about (from the perspective of an immigrant to Norway) how I moved my life’s savings from the US to Norway. I’m now fully invested into Norway (real estate, savings,…

Congratulations :)

As a Dane, I would say yes. Especially among boomers there was always a genuine appreciation of the US and its role as guardian of a rules-based international order and western civilization more generally.

I think that sentiment has gone, even as younger generations have increasingly incorporated English words, music, TV and more into their own, but you seldom hear the same genuine trust in the US as a force for good.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#220

Post by originalvichy »

bauerd wrote: post #212
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…

>I don’t know how I could work in any of these military industry companies. You'd sing a different song quite quickly once the threat stops being abstract as you don't get to free-ride on the security a defense industry provides.

I wouldn’t, but thanks for the reply. I’ve gone through conscription and we are neighbours with Russia. I’ve not lived a day in my life without existential military threat.
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