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One of Denmark's biggest pension fund blacklists IPO of Elon Musk's Spacex

A prominent Danish pension fund that previously made waves by dumping US Treasuries has reportedly announced that it will boycott the upcoming Initial Public Offering (IPO) of SpaceX, citing severe overvaluation and a deeply flawed corporate governance model. According to a report by Bloomberg, AkademikerPension, which manages $25 billion in assets, has blacklisted the aerospace giant despite its massive target valuation of at least $1.8 trillion. Anders Schelde, the fund’s chief investment...

Times of India 10d ago

Iran’s military vows more ‘devastating’ strikes and Maine voters set up Senate showdown: Morning Rundown

Iran strikes U.S. targets in the Gulf after fresh American attacks over a downed helicopter. Staffing shakeups at U.S. health agencies point to a new leadership vision. And Space X’s target share price is too rich for some investors.

NBC News 8h ago

SpaceX IPO: How European retail investors can buy shares and the risks to be aware of

SpaceX is expected to make its stock market debut on Friday in what could become the largest IPO in history. Here's how retail investors in Europe can participate and the risks they should consider. Elon Musk's AI, rocket and satellite company is days away from a stock market debut that could become the largest IPO in history and, in an unusual departure from convention, a sizeable portion of those shares has been reserved for individual investors.

Euronews 1d ago