Ontario Teachers’ pension plan reports a 9.5% return for the first half of the year, attributing a major share of the gains to its holdings in SpaceX. The pension plan says its stake in SpaceX is valued at nearly US$8.7 billion at the end of June.
The pension plan highlights that this value rises sharply from its earlier investment, which it describes as about US$300 million made in 2019. Both outlets report that the SpaceX stake is a significant contributor to the pension plan’s mid-year performance, with the first-half result reflecting that boost. While the reports focus on the overall return figure and the scale of the SpaceX investment’s increase, they do not provide details in the excerpts on other asset classes or on how the return is broken down beyond SpaceX.
