Apologies for the naivety, but, why is SpaceX valued so high? Starlink? Are rockets really a lucrative business? Don’t get me wrong, being able to send objects up into orbit is cool, but is it $1.8T cool?
Starship makes space access 1000x cheaper than before, with cost-to-orbit under $10 / kilogram. Also much larger payloads become possible. That's an insane economic unlock, because space contains unlimited amounts of resources and energy. Space-based manufacturing, building space hotels, mining asteroids etc. becomes viable. Larger satellites and probes for commercial or scientific use becomes possible. All this migh…
Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
481–490 of 560 posts
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#482Earlier quoted context omitted.
"Just" is doing a lot of work here. Many people have appreciated gains locked into their indexing products such that changing is very expensive. The biggest issue is not SpaceX/Elon per se, but indexes bending over backwards for him and changing their indexing rules to fleece index investors. Most IPOs perform badly, to the point where the SP500 excludes all of them for a year, and I think that is actually appropriat…
I agree that the rule changes are bad and ill intentioned, but I am not sure what I can do about it. And, even if it was zero cost for me to move to an ETF without SpaceX, I would not do it. The market does what the market does, that is what I signed up for, it is a lot smarter than I am. It is not worth changing that for an insult to what will be a few percent of my portfolio. Even if SpaceX drops to 1/2 of its IPO,…
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#483Earlier quoted context omitted.
we have about 30 years of catching up to do, better defense spending: 1) Saves our lives in Europe, by having access to better training and force multipliers. 2) Seeps into the economies of every country in the union through research spending. Defence is unambiguously a good thing, it becomes a problem if you put an expansionist cunthead at the helm of it.
We can discuss if a society should have a certain amount of GDP invested into defense and i'm not necessarily against it. I would think educating people properly is good, I also think the swizz model is good in sense of everyone learns to handle a gun and can have it at home (as long as high security standards are set and its taken very serious). It could be used as a tool to strengthen societies responsibility, comm…
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#484Earlier quoted context omitted.
Most of the Dimensional ETFs seem to be following some kind of value investment strategy where they take an index but nudge it a bit by some value factor which is claimed to be based on long standing research. It wouldn’t be surprising if this value factor has underperformed in recent years which have been dominated by the rise of growth stocks. The video you link to seems to be talking about these ETFs, although I h…
The value ones mentioned by Felix do.
He may talk about their other funds in other videos, but not this one.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#485Earlier quoted context omitted.
I think that's less true than the media would have you believe. We're undergoing a lot of propaganda about how effective Ukraine is against Russia, but that's despite most European countries practically immolating their own stockpiles of defence capability, and they're doing so somewhat unoformily (while Russia does everything they can to weaken the European homogeneity; see their funding into brexit and anti-EU seni…
Its not propaganda when you can see it. We know what Putin showes in his Military parade and we know the stockpile of tanks they have and had due to satelite images. My statement still stands, we do not need to increase defence spending to beat russia. You said something different though: "We need to increase defence spending to have as little as human risk as possible". I wouldn't call it naive, more optimistic. And…
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#486I have AkademikerPension as my pension fund through work and this move suits me quite well. They've already excluded Tesla as well as a variety of companies that profit of weapon production, fossil fuel production or are suspected for human rights violations. https://akademikerpension.dk/ansvarlighed/ekskluderede-selsk...
And where would Norway be without fossil fuels, exactly? That's basically the sole source of your nation's wealth.
As for Tesla and other companies led by Elon Musk... well, yeah, F that guy. But don't throw the proverbial baby out with the bathwater.
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#487Earlier quoted context omitted.
So, you're saying the US (300+ mln, #1 military) never actually requested to deploy them and Denmark (5 mln) never actually refused. But because you think an agreement is unlikely, it's straight to annexation by force. Do I have that right?
No, I'm saying that new military installations would be unlikely to be agreed due to domestic political sentiment. Pituffik was certainly agreed by both sides, but that was a long time ago. (I'm not Danish or Greenlandic, so this is just my reading of the situation.)
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#488I have AkademikerPension as my pension fund through work and this move suits me quite well. They've already excluded Tesla as well as a variety of companies that profit of weapon production, fossil fuel production or are suspected for human rights violations. https://akademikerpension.dk/ansvarlighed/ekskluderede-selsk...
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#489Earlier quoted context omitted.
The fossil fuel part doesn't seem like a rational decision to me. Why are we pretending that fossil fuels dont provide an immense amount of value for humanity, and that its horrible to invest or support building out any fossil fuel production whatsoever. Lets not do produce it ourselves, lets just instead outsource it to the gulfs and Russia…
Nobody is pretending fossil fuels are not producing value, if they did not nobody would bother using them in the first place. The argument is about the fact that they produce relatively short term value for the person using them, at the externalized expense of polluting the atmosphere and causing long-term environmental instability and destruction for every subsequent generation for the foreseeable future. Coastal re…
Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'
#490I think European countries need to get serious about investing money locally. The UK is a particularly egregious example but it’s taking begging and pleading with the mansion house accord to even convince pensions to try to invest in the UK economy. Every country should make a portion of local (at least within Europe) investment a prerequisite for whatever favourable tax treatment pensions and similar products get. S…