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Canada’s PSP Investments reveals small stake in Musk’s SpaceX

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SpaceX completed the largest-ever initial public offering in June and finished its first day of trading with a market capitalization of more than US$2 trillion. Photo by Justin Sullivan/Getty Images

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Canada’s Public Sector Pension Investment Board said it’s an investor in Elon Musk’s SpaceX, holding 100,000 shares at the end of June.

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The small stake was revealed in a filing by the $321 billion fund, which manages retirement money for government employees such as the Canadian military and the Royal Canadian Mounted Police.

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SpaceX completed the largest-ever initial public offering in June and finished its first day of trading with a market capitalization of more than US$2 trillion, but the shares have tumbled since then.

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Ontario Teachers’ Pension Plan, another member of the so-called Maple Eight of large Canadian pension funds, held about 50.7 million shares of SpaceX as of June 30, according to public filings and data compiled by Bloomberg. The stake was valued at US$8.7 billion at the time.

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