Danish pension fund excludes SpaceX citing governance and valuation

A Danish pension fund has basically said “not in our retirement account, thanks” to SpaceX, putting Elon Musk’s rocket company on its exclusion list before any future stock market debut. The fund says two things smell off: the eye-popping price tag — at least $1.8 trillion, which it says is hard to justify — and a power structure that leaves Musk with an iron grip. In plain English: too expensive, too much power, too little adult supervision.

But the real fireworks were in the comments, where people instantly turned this into a culture-war food fight. One camp called the move “politically motivated,” arguing that whatever you think of Musk, SpaceX has actually delivered while rivals like Blue Origin have stumbled. Even some defenders still did a double take at that near-$2 trillion valuation, basically saying, “Great company, wild price.”

Then came the anti-hype crowd, who sound exhausted by giant private tech darlings becoming everyone’s retirement problem. One commenter said they’ve been thinking about pulling money from U.S. funds altogether just to avoid names like SpaceX, OpenAI, and Anthropic. Another begged for a simple stock fund that filters out splashy new listings until the insider selling frenzy cools down, calling these launches “exit liquidity.” Translation: regular people fear they’ll be the last ones holding the bag.

And yes, there was everyday pension drama too: one Dane simply pleaded, “hope my Danish pension fund PFA doesn’t do the same.” Nothing says modern finance chaos like rockets, retirement savings, and strangers online arguing over whether this is principled investing or just Musk discourse in a suit.