AustralianSuper Takes Cautious Stake in SpaceX

AustralianSuper still wary of Musk’s SpaceX months after listing

Australia’s largest super fund has placed a tentative bet on the latest business venture from the world’s richest man but still appears pessimistic on the stock.

AustralianSuper Takes Cautious Stake in SpaceX

Australia’s largest pension fund, AustralianSuper, has taken a modest stake in Elon Musk’s space technology developer, SpaceX. The $410 billion investment giant disclosed a minor 73,500-share holding in the company, which specialises in designing, manufacturing, and launching advanced rockets and spacecraft. This measured approach comes as the super fund remains wary of committing significant member savings to the newly listed trillion-dollar ve…