Inspire Investing Rejects SpaceX and Tesla Shares but Keeps Palantir Stake

Inspire Investing has decided against buying shares in SpaceX following the company's historic IPO. The firm, which applies a biblically responsible investing screen, determined that X, part of SpaceX-owned xAI, failed its moral audit due to the platform's role in disseminating sexually explicit content, according to a report from the National Center on Sexual Exploitation.

CEO Robert Netzly told Insider that the firm had no ethical or financial objections to SpaceX's core work of launching rockets and satellites.

He described X's conduct as highly egregious and said the platform had not corrected course. "You can't buy SpaceX without profiting from those activities," Netzly said. Netzly added that Inspire Investing will also avoid Tesla stock.

He cited the company's provision of health benefits for employees traveling out of state for reproductive care as the disqualifying factor. The firm sees no moral conflict with military and defense companies. It has approved Palantir, which holds contracts with the Pentagon and deals with ICE for immigration enforcement.

Netzly stated that Palantir should not be held responsible for potential misuse of its technology, comparing the situation to a firearms manufacturer. Inspire Investing remains invested in Palantir while continuing to monitor the company, he said. SpaceX did not respond to a request for comment.