The Chief Investment Officer of the Danish pension fund said that individual investors flocking to SpaceX are afraid of missing out.

A Danish pension fund with a scale of $25 billion has blacklisted SpaceX. The chief investment officer of the fund said that considering the valuation and governance risks, the strong interest shown by retail investors in SpaceX is worrying. Anders Schelde, chief investment officer of AkademikerPension, stated in an interview with Bloomberg TV that retail investors generally have a psychological fear of missing out on opportunities. Schelde stated that his team's analysis indicates that the company's value is far below its IPO price. "We may be too conservative. I certainly hope so, because many investors from all over the world will come rushing in," Schelde said. "So I hope I am wrong." However, he said that from AkademikerPension's perspective, "the price is too high, which implies obvious financial risks and weak governance standards."