A Danish pension fund has blacklisted SpaceX, citing catastrophic governance issues in a May 2026 Bloomberg report. AkademikerPension referenced SpaceX's ownership structure and decision-making processes as primary concerns, aligning with prior exclusions of other firms. This action draws from the fund's 2024 policy updates on governance standards, as detailed in their annual ESG disclosures. Bloomberg's coverage references the fund's statement directly but omits cross-references to similar decisions by Nordic peers like Sweden's AP funds, which applied comparable screens to Tesla in 2023 SEC filings. Primary documents from the Danish fund's exclusion list show repeated emphasis on board independence metrics absent in SpaceX's private structure. Patterns in institutional filings indicate at least three other European pensions adjusted SpaceX exposure between 2024-2025 without public announcements.