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Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

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Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#221

Post by originalvichy »

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.

There is none. That’s why I wouldn’t invest in them either.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#222

Post by wjnc »

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.

A long and a short cancel out. So you could construe this yourselves. (Recognise that this has a long tradition on HN ;)

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#223

Post by spwa4 »

SwellJoe wrote: post #185
gbil wrote: post #167

Earlier quoted context omitted.

>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.

I think you'll find the whole valuation of the S&P500 is built upon retirement accounts. Yours. Mine.

In other words, look one level deeper and you'll see it's not the S&P500 that's overvalued. It's you and me and 100 million other people desperately attempting to make sure young people pay for them for 20-30 years when they're old.

And then you calculate it out ... and see it's not happening. No matter what the number on the account says.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#224

Post by KerrickStaley »

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.

I think VGT is a good QQQ replacement. It is based [1] on the MSCI US Investable Market Information Technology 25/50 Index which is free-float adjusted [2] [3], meaning that SpaceX will have a lower weight due to its lower free float. Also, VGT has a substantially lower expense ratio (9 bps / year [4]) than QQQ (18 bps / year [5]). You can compare VGT and QQQ's holdings on these pages [6] [7].

[1] https://fund-docs.vanguard.com/F0958.pdf

[2] https://www.msci.com/indexes/documents/methodology/2_MSCI_25...

[3] https://www.msci.com/documents/10199/6bafd9e3-0474-f03b-16bd...

[4] https://investor.vanguard.com/investment-products/etfs/profi...

[5] https://www.invesco.com/qqq-etf/en/about.html

[6] https://stockanalysis.com/etf/vgt/holdings/

[7] https://stockanalysis.com/etf/qqq/holdings/

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#225

Post by MrBuddyCasino »

whatevaa wrote: post #201
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.

Elon achived this valuation by merging xAI into SpaceX. The future of xAI is questionable, and without it SpaceX is very overvalued.

SpaceX has the potential to be the most valuable company ever if the space economy expands. Starlink will be a tiny puzzle piece by then.

How is this even debatable.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#227

Post by SwellJoe »

spwa4 wrote: post #223
SwellJoe wrote: post #185

Earlier quoted context omitted.

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.

I think you'll find the whole valuation of the S&P500 is built upon retirement accounts. Yours. Mine. In other words, look one level deeper and you'll see it's not the S&P500 that's overvalued. It's you and me and 100 million other people desperately attempting to make sure young people pay for them for 20-30 years when they're old. And then you calculate it out ... and see it's not happening. No matter what the numb…

There's the normal level of... optimism. And, then there's SpaceX, a scam on a scale the world has never seen.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#228

Post by originalvichy »

mrweasel wrote: post #207
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…

Normally Danish pension companies and banks will refuse to invest your money in weapons manufactures (unless you have a lot of money, then they apparently don't care). But as long as your money is invested as a pool, they won't do weapons. I think you're right that e.g. Anthropic wouldn't be on the block list, because: It's an IT company, and I suspect that even Palantir might make the cut. It is fairly annoying, bec…

It’s probably quite similar here in Finland. I’m interested to see what the current fund(s) contain.
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