Ontario Teachers' Pension Plan Could See $11.6 Billion Return on SpaceX Investment
By
Conor Murray
The kind of bagel that ruins lesser bagels for you.
Summary
The Ontario Teachers' Pension Plan invested approximately $220 million USD in SpaceX in 2019 when the company was valued between $33-36 billion. With SpaceX now pursuing a $1.75 trillion IPO valuation at $135 per share, that investment could be worth $11.6 billion — a massive windfall for the Canadian pension plan that covers 346,000 teachers and has $279.4 billion in net assets.
Key quotes
· 3 pulledThe Ontario Teachers' Pension Plan invested about $220 million in U.S. dollars in SpaceX in 2019
SpaceX is hoping for a $1.75 trillion initial public offering valuation with shares priced at $135 each
the Ontario Teachers' investment worth $11.6 billion
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