Ontario Teachers’ SpaceX Bet Could Turn C$300 Million Into an $11.6 Billion Fortune

Ontario Teachers’ SpaceX Bet Could Turn C$300 Million Into an $11.6 Billion Fortune

The pension fund’s first innovation investment may become one of the greatest institutional venture-capital trades in Canadian history In June 2019, the Ontario Teachers’ Pension Plan made a decision that now looks remarkably prescient. The pension manager invested approximately US$220 million—about C$300 million—in Elon Musk’s SpaceX. It was the inaugural investment for the newly created … Read more