Danish pension fund excludes SpaceX citing governance and valuation

Danish pension fund Akademikerpension has excluded SpaceX from its investments. The fund cited concerns over the company's governance structure and its high valuation. Akademikerpension believes SpaceX's stock is overvalued, with a market indication of over $1.8 trillion. They also highlighted Elon Musk's significant control over voting rights. This move comes as SpaceX prepares for its initial public offering.