---
title: "丹麥養老金基金因治理和估值問題將 SpaceX 列入黑名單"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/288147244.md"
description: "丹麥養老金基金 AkademikerPension 已將 SpaceX 列入黑名單，理由是由於埃隆·馬斯克對投票權和多個高管職位的控制，導致公司治理 “災難性”，削弱了監督能力。該基金還對公司 1.8 萬億美元的 IPO 估值表示擔憂，認為這一估值不合理，提供的風險補償不足。此決定與該基金以 ESG 為重點的戰略一致，此前因類似的治理和政治問題退出了特斯拉和美國國債"
datetime: "2026-05-30T13:39:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288147244.md)
  - [en](https://longbridge.com/en/news/288147244.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288147244.md)
---

# 丹麥養老金基金因治理和估值問題將 SpaceX 列入黑名單

Governance called catastrophic: AkademikerPension says Musk's control of voting rights and multiple executive roles undermines oversight and accountability. Valuation concerns raised: The fund argues SpaceX's $1.8 trillion IPO target is hard to justify and offers investors too little compensation for risk. ESG-driven decision: The fund has previously exited Tesla and US Treasuries over governance and political concerns, reflecting its ESG-focused investment approach.

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## 相關資訊與研究

- [SpaceX IPO 丨丹麥退休基金拉黑 SpaceX 批公司治理結構具災難性](https://longbridge.com/zh-HK/news/288098646.md)
- [傳 SpaceX 將 IPO 目標估值下降至 1.8 兆美元 計畫下週四啟動路演](https://longbridge.com/zh-HK/news/288025537.md)
- [恒指公司：恒生港美科技指數將納入 SpaceX](https://longbridge.com/zh-HK/news/287753964.md)
- [SpaceX 奪 22.9 億美元大單，將以「星盾」平台為美國太空軍打造數據骨幹](https://longbridge.com/zh-HK/news/288022105.md)
- [丹麥養老基金拒認購 SpaceX   稱估值嚴重過高及公司治理「災難性」](https://longbridge.com/zh-HK/news/288133921.md)