Over 15,000 Danes Buy SpaceX Shares Amid Pension Fund Caution

Danish retail investors have shown significant interest in SpaceX, with over 15,600 individuals buying at least one share since the space exploration company's stock began trading on Friday. Investment platform Nordnet reported this surge in interest, highlighting SpaceX's appeal in a market currently focused on high-growth sectors.

“

It is the culmination of a development where global and thus also Danish investors are most focused on what everyone else also has on their radar.

Per Hansen, an investment economist at Nordnet, noted that global and Danish investors are concentrating on areas like AI, semiconductors, and space travel, all of which SpaceX embodies. This collective focus has fueled the demand for SpaceX stock, which saw its initial price at $135 per share and closed at nearly $202 on Tuesday, marking a roughly 50% increase in just a few days.

This rapid valuation has propelled SpaceX into the ranks of the world's most valuable publicly traded companies. As of Tuesday's close, its market capitalization surpassed Amazon's, placing it fifth globally, behind tech giants like Microsoft, Apple, Alphabet, and Nvidia.

“

AI, chips, and space travel have been in high demand, and SpaceX has a bit of everything.

Conversely, major Danish pension funds have largely steered clear of investing in SpaceX. Companies such as Velliv, PensionDanmark, PFA, Pædagogernes Pension, AkademikerPension, and Danica have all expressed reservations. Their concerns primarily revolve around the company's high valuation and a management structure that significantly limits shareholder influence, as noted by Ulla Bendiktson, head of sustainable investments at Velliv.

“

Among other things, we are concerned that shareholders' opportunities for influence are severely limited.