Money
Ontario Teachers Pension Fund to Make $12 Billion on SpaceX IPO
My First Million
The most simplified breakdown of the SpaceX IPO on the internet
What was said
"Shout out to the Ontario's— Ontario, Canada Teachers' Pension Fund, which in 2019 decided, you know what, we're gonna slang an investment into SpaceX back before SpaceX was pretty obvious, and they're gonna make $12 billion this year., and in the, in the IPO, which, you know, more than funds their pension. It's, you know, $33,000 per teacher that's in the, in the fund."
The Ontario Teachers' Pension Fund invested in SpaceX in 2019 before its dominance was obvious and will realize $12 billion from the IPO, equating to $33,000 per teacher in the fund. The irony is heightened by Ontario's reported boycott of Musk despite the massive windfall.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Programme
- My First Million
- Episode
- The most simplified breakdown of the SpaceX IPO on the internet
- Clip time
- 42:31
- Original source
- Watch the source segment →
From this episode
My First Million