Investing in FTX to zero, Ontario teacher pension funds bet on SpaceX, post IPO holding value may soar to $11.6 billion According to BlockBeats, on June 8th, the Ontario Teachers' Pension Plan in Canada is expected to receive significant returns from SpaceX's IPO. The fund invested approximately $220 million in SpaceX in 2019, with a valuation of around $33 billion to $36 billion at the time. If SpaceX goes public as planned at a valuation of $135 per share, approximately $1.75 trillion, the value of shares held by the Ontario Teachers' Pension Plan will rise to approximately $11.6 billion, with potential book profits exceeding $11 billion. By the end of 2025, the Ontario Teachers' Pension Plan will manage assets worth approximately $279.4 billion, covering 346000 active and retired teachers. Gillian Brown, the Chief Investment Officer of the fund, previously stated that an IPO does not necessarily mean an exit point, and that holding shares may continue in the future to observe whether SpaceX's acquisition of xAI can initiate a new growth cycle. It is worth noting that the fund invested approximately $95 million in FTX in 2022 and reduced the entire investment to zero after FTX went bankrupt. However, benefiting from the strong performance of projects such as SpaceX, its venture capital portfolio will still achieve a 30% growth in 2025. Currently, some institutions are cautious about SpaceX's valuation. Morningstar believes that its reasonable valuation is less than half of its IPO target. Based on a valuation of $1.75 trillion, Musk, who holds approximately 41% of the shares, is expected to further increase his net worth and may become the world's first trillion dollar billionaire. [Original link]