/Tech2h ago

Ontario Teachers' Pension Plan stands to gain an estimated $11 billion windfall from its $300 million SpaceX stake

Story Overview

The Ontario Teachers' Pension Plan put roughly $300 million into SpaceX in June 2019 as part of a $314 million round that coincided with the first Starlink satellite launches. That position is now projected to reach as much as $11 billion if the company completes its planned IPO at a valuation near $1.75 trillion, though the fund has added later investments whose combined size is not disclosed.

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Original post

Shivon Zilis@shivon

@globeandmail Just going to leave this here…

The Globe and Mail@globeandmail

Ontario Teachers' Pension Plan could make billions on its early investment in SpaceX.

The Toronto-based pension plan first invested in Elon Musk's company in June, 2019. It was part of a funding round that raised US$314-million for Space Exploration Technologies Corp., at a time when its Starlink internet service was just starting to launch satellites and a boom in AI was still years away.

Seven years later, the pension fund is sitting on a potential windfall of as much as US$11-billion from its initial investment of about $300-million as SpaceX prepares to go public next week.

https://www.theglobeandmail.com/business/article-ontario-teachers-pension-plan-spacex-ipo-investment/

10:01 PM · Jun 11, 2026 · 90.9K Views

IPO Prep

Early timing locked in Starlink upside

The 2019 commitment arrived exactly when SpaceX began orbiting its first Starlink satellites, giving the pension plan exposure to the satellite-internet business before its scale became clear.

Open Question

Full stake size stays under wraps

The $11 billion estimate covers only the original 2019 shares and assumes the targeted IPO valuation holds, while any follow-on purchases and the exact current ownership percentage remain undisclosed.

Sentiment

Many users celebrated the Ontario Teachers' Pension Plan's $11 billion SpaceX windfall as a smart early bet on the future, while others called the investment irresponsible.

Pos

84.2%

Neg

15.8%

21 comments with sentiment.

Cluster Engagement

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Michael Spencer@ReadFuturist

@shivon @globeandmail It's highly irresponsible that it invested in the usual mene Ponzi scheme of a technologist like Musk, whose reputation and capabilities are declining by the year. Whose actions have damaged civilization more than they have uplifted it.

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BOOKMARKS1RETWEETS1

Gail Alfar@gailalfaratx

@shivon @micsolana @globeandmail ✌🏻

1h3711

LIKES13

Jonas DM.@dm_jns

@shivon @globeandmail

7h73013

kipply@kipperrii

the ontario teachers pension plan always makes the most batshit investments but this one kind of based...

The Globe and Mail@globeandmail

Ontario Teachers' Pension Plan could make billions on its early investment in SpaceX.

Seven years later, the pension fund is sitting on a potential windfall of as much as US$11-billion from its initial investment of about $300-million as SpaceX prepares to go public next week.

https://www.theglobeandmail.com/business/article-ontario-teachers-pension-plan-spacex-ipo-investment/

18m26860

Muskonomy@muskonomy

@shivon @globeandmail 🐐🐐🐐

9h3088

Ari Teman@AriTeman

@shivon @globeandmail There's a South Park episode for everything 😆

11h6485

Dillon Amburgey@thedillona

@ReadFuturist @shivon @globeandmail This seems like an odd response to them making the investment and profiting handsomely

2h825

Steven Sinofsky@stevesi

@shivon @globeandmail as you should! ❤️

Shivon Zilis@shivon

@globeandmail Just going to leave this here…

2h60220

brick by brick@brickbybatman

@shivon @globeandmail A response with class.

8h2462

Darby Bailey McDonough, Ph.D. 🖍️💫@Darbybailey

@shivon @globeandmail nice.

10h2112

bulltard@toomadbro

@ReadFuturist @shivon @globeandmail Hope dumbasses like you are not the teachers

2h543

a@aycockonxion

@ReadFuturist @shivon @globeandmail Highly irresponsible for a *checks notes* teachers' pension plan to profit massively.

2h493

Keshav Maheshwari@Keshavnova

@shivon @globeandmail

10h2411

Ask Ibsen Lindal@AskLindal

@shivon @globeandmail Oh the irony 😂

9h2291

Charles Steel@crasteel

@shivon @globeandmail You shouldn't dignify them with a response but that is a killer article on OTTP!

9h674

Jeffry Blas@jefferinc

@shivon @globeandmail Lets go!

Enjoy today!

7h1311

Taufiq Rahim@taufiqzrahim

@shivon @globeandmail So many layers here - and spot on. Canada benefits from SpaceX - and many other investments - and then laments the benefactor.

2h337

Mary@marisafromearth

@shivon @globeandmail 👏🏻👏🏻👏🏻🫡🚀

5h821

C Wagner@SFCSWII

@shivon @globeandmail

4h761

Bills by a Billion@Whatdidyousay82

@ReadFuturist @shivon @globeandmail Are you retarded?

2h241