AkademikerPension has added SpaceX to its exclusion list, citing governance-related ESG concerns. The decision comes as SpaceX reads an IPO targeting at least a $1.8 tln valuation and reportedly seeks to raise up to $75 bln, which would be the larges

2026-05-29

AkademikerPension has added SpaceX to its exclusion list, citing governance-related ESG concerns. The decision comes as SpaceX reads an IPO targeting at least a $1.8 tln valuation and reportedly seeks to raise up to $75 bln, which would be the largest IPO on record if completed. AkademikerPension, with about $25 bln in AUM and a history of excluding Tesla (TSLA.O) and US Treasureries on sustainability grounds, said governance is its primary reason for avoidance and that, while it would consider investing if risk-adjusted returns Justifying it, the company's valuation is already "seriously overvalued."

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