Investors including Ontario Teachers’ Pension Plan, Brookfield and Stack Capital could soon reap big returns on their stakes in Elon Musk’s SpaceX, as it prepares to go public on the Nasdaq next month. (The Logic)

Talking point: SpaceX is far more than just a rocket company, with businesses including internet satellite company Starlink, social media platform X, AI firm xAI, and data-centre operations. The company is reportedly aiming to raise up to US$75 billion in its IPO, which could value the company at US$1.75 trillion, despite reporting a US$4.28-billion loss last quarter. Most pre-IPO investors will have to wait 180 days to sell their shares, though SpaceX plans to let up to 20 per cent of eligible shares be sold earlier, just after the company’s first quarterly report. Brookfield revealed last week that it owns US$2 billion worth of SpaceX shares. Ontario Teachers’ hasn’t revealed the size of its investment in the company, but credited its stake in SpaceX for helping boost its venture capital arm’s growth in 2025. SpaceX’s filing shows revenue in its Canadian operations rose 31 per cent to US$764 million in 2025, making it its third-largest market.