r/stocks
I wonder if people feel it's a problem that investing in SpaceX has ethical implications
The author refuses to invest in the upcoming SpaceX IPO due to severe ethical concerns regarding its major shareholder.
- Investing in the IPO directly enriches a major shareholder with severe ethical issues.
- Buying shares provides capital and increases the valuation of the controversial shareholder's stake.
When you invest in an IPO, you're not just trading stocks around. You're very directly contributing to the wealth of the shareholders.
Which is a problem for me, becuase one of the shareholders did some very bad things. He seig heiled on stage. He shut down USAID , which resulted in the deaths of hundreds of thousands of people.
Buying into the IPO effectively makes you an owner of this guy's company, and gives him an injection of capital/raises the value of his shareholding.
Obviously there's a financial lens to this decision, but the ethics of this are so awful, I can't understand how this issue isn't being discussed at all. Not at all. Even in a space where ethical ETFs have huge uptake, even if their uptake doesn't approach non-screened funds.
For me, SpaceX is an ethics test and an easy one...and I'm actually a bit terrified we're going to fail it.