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Denmark Pension Fund Blacklists SpaceX, Calls $1.8 T IPO Fantasy

5/30/2026

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Summary

Story summary

On May 29 2026, Denmark’s AkademikerPension blacklisted SpaceX, barring its managers from buying the company’s shares.
The fund warned that Elon Musk controls most voting shares and called the IPO target of at least $1.8 trillion a “fantasy” likely limited to $1 trillion.
AkademikerPension, which manages $25 billion in assets and has previously excluded Tesla and U.S. Treasury bonds for ESG reasons, said the IPO could raise up to $75 billion.

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Story summary

On May 29 2026, Denmark’s AkademikerPension blacklisted SpaceX, barring its managers from buying the company’s shares.
The fund warned that Elon Musk controls most voting shares and called the IPO target of at least $1.8 trillion a “fantasy” likely limited to $1 trillion.
AkademikerPension, which manages $25 billion in assets and has previously excluded Tesla and U.S. Treasury bonds for ESG reasons, said the IPO could raise up to $75 billion.