BlockBeats News, June 8th, the Ontario Teachers' Pension Plan in Canada is expected to reap a huge return from the SpaceX IPO. The fund invested approximately $220 million in SpaceX in 2019 when the company was valued at around $33 billion to $36 billion.

If SpaceX goes public as planned at $135 per share, with a valuation of about $1.75 trillion, the Ontario Teachers' Pension Plan's stake will rise to around $11.6 billion, with a potential unrealized gain of over $11 billion.

As of the end of 2025, the Ontario Teachers' Pension Plan managed assets of around $279.4 billion, covering 346,000 active and retired teachers. The fund's Chief Investment Officer, Gillian Brown, previously stated that the IPO does not necessarily mean an exit point, and they may continue to hold shares in the future to observe if 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 completely wrote off this investment after FTX went bankrupt. However, benefiting from strong performances in projects like SpaceX, their venture capital portfolio still achieved 30% growth by 2025.

Currently, some institutions are cautious about SpaceX's valuation. Morningstar believes its fair valuation is less than half of the IPO target. Based on a $1.75 trillion valuation, Elon Musk, who owns about 41% of the shares, is expected to further climb the wealth ranks and potentially become the world's first trillionaire.