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Ontario Teachers’ C$300M SpaceX Investment Could Reach C$16.2B After IPO
In 2019, the Ontario Teachers’ Pension Plan (OTPP) invested C$300 million (US$220 million) in SpaceX when the company was valued at US$33 billion. With SpaceX’s upcoming initial public offering (IPO) potentially valuing the company at up to US$1.75 trillion, that initial investment could grow to C$16.2 billion (US$11.6 billion). Ontario Teachers has increased its stake multiple times, so its total holdings may be even larger. SpaceX has expanded its Starlink network to over 12 million users and solidified its leadership in commercial launches and government contracts. Additionally, the acquisi
- Initial C$300M investment in SpaceX in 2019
- SpaceX IPO valuation estimated at US$1.75 trillion
- Starlink exceeds 12 million global customers
🔎 Why it matters: Ontario Teachers’ initial C$300 million investment in SpaceX in 2019 and the projected US$1.75 trillion IPO valuation demonstrate exponential growth in the company and its Starlink technology.
📈 Upside: Diversification with Starlink and the acquisition of xAI strengthen SpaceX’s technological and financial position.
📉 Risk: Ontario Teachers may face risks if the IPO valuation does not hold or if SpaceX’s growth slows.
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