✅ Confirmed
Elon Musk
Noticia
SpaceX IPO to generate $11.6B windfall for teacher pension fund
The Ontario Teachers’ Pension Plan (OTPP) invested about $220 million USD in SpaceX in 2019, and with the IPO planned for June at a $1.75 trillion valuation, its stake could be worth up to $11.6 billion USD, a 50x return. The IPO, priced at $135 per share, aims to raise $75 billion, surpassing Saudi Aramco’s record. SpaceX reported $18.67 billion in revenue for 2025, driven by Starlink and NASA contracts, though it still posts losses from R&D in Starship and AI. The fund manages $279 billion for 346,000 teachers, and this gain could boost members’ average by $33,500.
- OTPP’s initial SpaceX investment was $220 million USD in 2019
- IPO valuation estimated at $1.75 trillion with $135 per share pricing
🔎 Why it matters: The $1.75 trillion valuation for SpaceX’s June IPO is crucial for OTPP’s record return.
📈 Upside: The IPO will enable SpaceX to access public capital for Starship, Starlink, and AI projects.
📉 Risk: The $1.75 trillion valuation faces skepticism due to high multiples and execution risks.
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