The National Post reports in its Thursday edition that in one of the more notable ironies of SpaceX's multitrillion-dollar initial public offering, one of Canada's greatest beneficiaries of the launch is a demographic ideologically opposed to a lot of what chief executive officer Elon Musk stands for. The Post's Tristin Hopper writes that a major early investor in SpaceX was the Ontario Teacher's Pension Plan (OTPP). In 2019, the plan announced it had purchased a stake in the company via its new Teachers' Innovation Platform, an initiative to make equity investments in promising tech firms. "SpaceX is the world's leading private space launch provider, and we are excited to work with the company in the next phase of its growth as it rolls out its Starlink satellite network," said OTPP representative Olivia Steedman in a statement at the time. The size of the stake has not been publicly disclosed by the OTPP, but according to sources quoted last week by The Globe, it was $220-million (U.S.). At the time, SpaceX was worth about $33-billion (U.S.), meaning that the OTPP's stake was equivalent to about 0.6 per cent of the company. The OTPP and Mr. Musk are firmly entrenched on opposite sides of the political spectrum.
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