<
https://www.theguardian.com/australia-news/2026/jun/29/australian-with-retirement-savings-you-probably-own-spacex>
"Artificial intelligence and technology stocks have become a driving force on
Wall Street and, unbeknownst to most Australians, a growing part of their
retirement savings.
The so-called “magnificent seven” – chip maker Nvidia, Google owner Alphabet,
Apple, Microsoft, Amazon, Facebook owner Meta and Tesla – are, for better or
worse, increasingly part of the portfolios offered by superannuation funds.
The average Australian super portfolio now has an estimated 12% of its
investments in AI-related companies due to the massive growth of tech stocks in
recent years, experts say.
Many portfolios are even invested in Elon Musk’s mission to Mars through
SpaceX, according to the Association of Superannuation Funds of Australia
(Asfa).
But SpaceX’s recent launch on the US stock exchange – coinciding with Anthropic
and OpenAI’s plans for their own public launches – has renewed questions around
the ethics, risks and rewards of investing in AI."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
