A Danish pension fund has removed SpaceX from its investment holdings, citing corporate governance practices and elevated private valuation metrics as primary factors.

Reuters reported the exclusion decision on May 29, 2026, noting the fund's formal policy against investments lacking independent board oversight and transparent pricing mechanisms in late-stage private companies.

Comparable actions appear in filings from other Nordic institutional investors referencing similar criteria applied to private aerospace and technology holdings between 2024 and 2025.

Primary documentation from the fund's annual responsible investment report cross-references valuation disputes documented in SpaceX secondary market transactions tracked by the SEC.