Move aside kid. The OGs are in the building.
Ontario teachers really pulled a 40x before the mainstream even knew what was coming.
Back in 2019, Ontario Teachers’ Pension Plan made the first investment through Teachers’ Venture Growth:
$220M into SpaceX.
At the time SpaceX was valued around $33-36B.
Starlink was barely launching satellites.
Nobody was seriously talking about an AI boom yet.
Fast forward 7 years.
June 12.
SpaceX hits Nasdaq under
$SPCX.
Target valuation: $1.75T.
IPO price: $135/share.
That 2019 stake?
Estimated value today: around $11.6B.
Almost 40x from the original investment.
One of the greatest pension fund trades ever made.
For context:
OTPP manages $279B for 346,000 members.
Mostly active and retired teachers.
According to Sawyer Merritt, that’s roughly $33,500 per member…
from ONE trade.
And here’s the funny part:
Ontario politicians rejected a $100M Starlink deal in 2025.
Meanwhile Ontario teachers have been holding SpaceX since 2019.
Politicians said no.
Retirees said appreciate it.
One catch though:
It’s still paper gains for now.
There’s a 180-day lockup after listing, so they can’t instantly dump shares.
And OTPP already said they see SpaceX as a long-term hold, not a quick flip.
June 12 we find out if the valuation survives the open market.
If it does…
Ontario teachers are going straight into the textbooks they teach from.
#SpaceX #SPCX #IPO #Stocks #Investing #ElonMusk #Nasdaq #Finance #Crypto
@SpaceX @elonmusk @SawyerMerritt