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AkademikerPension Excludes SpaceX Over Governance Concerns, Citing Valuation Risks

AkademikerPension has excluded SpaceX over governance and ESG concerns as sources say the company is preparing an IPO targeting at least a $1.8 trillion valuation and up to $75 billion in fundraising.

Summary

AkademikerPension, a Danish pension fund managing about $25 billion in assets, has placed SpaceX on its exclusion list over governance and ESG concerns. The report says SpaceX is preparing an IPO targeting at least a $1.8 trillion valuation and plans to raise up to $75 billion, according to sources. This adds ESG concerns to the previously reported governance and valuation issues surrounding the fund’s decision.

Terms & Concepts
  • IPO: An initial public offering, in which a private company offers shares to public investors for the first time.
  • ESG: Environmental, social, and governance criteria used by investors to assess a company’s sustainability-related and ethical risks.
  • Corporate governance: The system of oversight, control, and decision-making that shapes how a company is managed and held accountable.