Pension fund rejects SpaceX IPO as bubble warnings grow
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Pension fund AkademikerPension rejected a SpaceX IPO, citing overvaluation and poor governance due to Elon Musk's controlling voting rights. This decision aligns with broader bubble warnings from analysts like Bank of America's Michael Hartnett and investor Michael Burry, who compare potential mega-IPOs in tech to historical speculative peaks seen in 1929 and the dot-com era.
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