Canada’s Public Sector Pension Investment Board picks up 100,000 SpaceX shares

Canada’s Public Sector Pension Investment Board, better known as PSP Investments, disclosed a holding of 100,000 shares in SpaceX as of June 30, 2026. The filing, published on August 13, landed quietly in a market still digesting the aftershocks of SpaceX’s record-shattering IPO earlier this summer.

For a fund managing C$321 billion (roughly $230 billion) in assets, 100,000 shares barely registers as a rounding error. One of the largest pension managers in Canada, responsible for the retirement savings of military personnel and Royal Canadian Mounted Police officers among other public-sector workers, has decided that SpaceX belongs somewhere in the portfolio.

A toe in the water, not a cannonball

PSP’s position looks especially restrained when placed next to the Ontario Teachers’ Pension Plan, which holds approximately 50.7 million SpaceX shares valued at around $8.7 billion as of the same date. That is roughly 507 times more shares.

No details about PSP’s entry price or investment rationale have been disclosed. PSP CEO Deborah Orida, speaking in mid-June 2026, offered some indirect context by discussing the importance of understanding disruptive companies like SpaceX for long-term investment strategies.

SpaceX’s IPO changed the game

SpaceX went public in June 2026 in what became the largest initial public offering in history. On its first day of trading, the company’s market capitalization surged past $2 trillion. Shares have since pulled back from their initial highs.

For institutional investors, the IPO created a new dilemma. SpaceX was no longer just a private-market curiosity accessible only through secondary sales and venture allocations. It was suddenly a public equity that pension funds, sovereign wealth funds, and index compilers all had to evaluate.