---
title: "Pension fund rejects SpaceX IPO as bubble warnings grow"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288095699.md"
description: "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."
datetime: "2026-05-29T16:15:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288095699.md)
  - [en](https://longbridge.com/en/news/288095699.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288095699.md)
---

# Pension fund rejects SpaceX IPO as bubble warnings grow

Investor backlash: AkademikerPension says it will not invest in SpaceX due to overvaluation and poor governance, citing Elon Musk’s control of over 80% voting rights. Bubble warnings: Bank of America’s Michael Hartnett warns upcoming mega-IPOs could push tech concentration past historical bubble peaks, echoing 1929 and 2000 patterns. Historical parallels: Michael Burry compares SpaceX, OpenAI, and Anthropic’s potential raises to the scale of the dot-com boom, warning of concentrated hype and risk.

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## Related News & Research

- [The 180-Day Lease Holding Up SpaceX's $2 Trillion IPO](https://longbridge.com/en/news/288095214.md)
- [This Is SpaceX's Biggest Market, and It Might Surprise You (Spoiler Alert: It Has Nothing to Do With Space)](https://longbridge.com/en/news/288140563.md)
- [SpaceX's major AI compute deal with Anthropic could end a lot sooner than expected](https://longbridge.com/en/news/287946512.md)
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