<div id="readability-page-1">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.</div>

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<p>養老基金 AkademikerPension 拒絕了 SpaceX 的首次公開募股，理由是其估值過高以及由於埃隆·馬斯克的控制投票權導致的治理不善。這個決定與分析師如美國銀行的邁克爾·哈特內特和投資者邁克爾·伯裏發出的更廣泛的泡沫警告相一致，他們將潛在的科技巨頭首次公開募股與 1929 年和互聯網泡沫時期的歷史投機高峰進行了比較</p>

Pension fund rejects SpaceX IPO as bubble warnings grow

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BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

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隨着泡沫警告的增加，養老金基金拒絕了 SpaceX 的 IPO