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Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

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Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#41

Post by stouset »

zzleeper wrote: post #29
mohsen1 wrote: post #22

Earlier quoted context omitted.

There is a market for an S&P 500 ETF without those companies. I'll immediately switch over

Let me know if you find one! I'm at a loss. (And even then, if I switch I have to pay $$$ taxes on capital gains)

You can sidestep this entirely with a total-market fund like VTSAX/VTI, which hold the entire market and should be more resistant to being gamed.

They’re free-float adjusted so entities like SpaceX are valued only by what’s available on public markets. And Vanguard (and its funds) are owned by its investors, which makes it seem implausible that the rules would be rewritten in a way that would damage investors.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#42

Post by SilverElfin »

fluidcruft wrote: post #14

It's really concerning given how the indexes are changing rules to fast-track SpaceX being forced into index funds. S&P is also working on updates to S&P 500 to force it down everyone's throats quickly and algorithmically.

The same rules are now affecting other big IPOs. I think Cerebras was confirmed as getting fast listing too even though they’re much smaller. It’s one big act of dumping on retail markets

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#43

Post by petesergeant »

hparadiz wrote: post #13
rvz wrote: post #6

Good. Would love to buy SpaceX stock at a 90% discount after the IPO and the next tech / AI correction.

Imagine not wanting to own a piece of the first company to make a re-usable orbital class booster.

This implies there's no price at which owning SpaceX is a bad idea, which is obvious nonsense.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#44

Post by zzleeper »

_delirium wrote: post #34
zzleeper wrote: post #29

Earlier quoted context omitted.

Let me know if you find one! I'm at a loss. (And even then, if I switch I have to pay $$$ taxes on capital gains)

Any of the direct indexing providers will let you blacklist individual stocks from the index. The intended use is to exclude stocks you hold elsewhere (or receive as stock grants) to avoid causing wash sales, but it can also be easily used to make a custom "S&P 499".

I'm looking at Schwab (and saw a few others) and couldn't find anything: https://www.schwab.com/learn/story/primer-on-wash-sales

I would assume this is not an ETF but sth else?

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#45

Post by SilverElfin »

stouset wrote: post #41
zzleeper wrote: post #29

Earlier quoted context omitted.

Let me know if you find one! I'm at a loss. (And even then, if I switch I have to pay $$$ taxes on capital gains)

You can sidestep this entirely with a total-market fund like VTSAX/VTI, which hold the entire market and should be more resistant to being gamed. They’re free-float adjusted so entities like SpaceX are valued only by what’s available on public markets. And Vanguard (and its funds) are owned by its investors, which makes it seem implausible that the rules would be rewritten in a way that would damage investors.

VTI lists fast even before these recent changes as I recall. So it’s more vulnerable, not less.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#47

Post by jdgoesmarching »

vondur wrote: post #9
thesimon wrote: post #8

Matt Levine described it well ( https://www.bloomberg.com/opinion/newsletters/2026-05-21/spa... ) > The deal, with SpaceX, is that Elon Musk runs it however he wants, and he does weird stuff, and you have to trust him, and if you don’t like it you can’t complain. > When SpaceX acquired xAI a few months ago, did a special committee of independent directors approve the transaction? Did Musk recuse himself from negotiat…

Isn't that how Facebook is ran too? Basically Zuckerberg's private company, that in theory is public?

Tech bros reinvent autocracy

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#49

Post by twalla »

hparadiz wrote: post #13
rvz wrote: post #6

Good. Would love to buy SpaceX stock at a 90% discount after the IPO and the next tech / AI correction.

Imagine not wanting to own a piece of the first company to make a re-usable orbital class booster.

I'd love to own SpaceX - what I don't want to own is all the unprofitable, toxic dogshit its ketamine-addled CEO folded into it that has nothing to do with putting stuff into orbit or selling Starlink.

Re: Danish Pension Blacklists SpaceX over 'Catastrophic Governance'

#50

Post by nicole_express »

thesimon wrote: post #8

Matt Levine described it well ( https://www.bloomberg.com/opinion/newsletters/2026-05-21/spa... ) > The deal, with SpaceX, is that Elon Musk runs it however he wants, and he does weird stuff, and you have to trust him, and if you don’t like it you can’t complain. > When SpaceX acquired xAI a few months ago, did a special committee of independent directors approve the transaction? Did Musk recuse himself from negotiat…

It seems like a fine offer to have exist, but one that a pension fund with low risk tolerance wouldn't want to take. So everything seems reasonable with the world.

Similarly I don't understand why indicies are rushing to change their rules to allow SpaceX in. People accept a certain risk tolerance and changing the rules to ramp up the risk seems questionable at best.

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