The SpaceX windfall
Original:Teachers invested about $300 million in SpaceX in 2019, when the company was valued near $33.3 billion. That bet paid off spectacularly when SpaceX went public in June, pricing shares at US$135 and raising US$75 billion in the largest U.S. IPO on record. The offering valued the company at roughly US$1.77 trillion.
By June 30, Teachers' stake was worth close to US$8.7 billion. But the shares didn't hold their ground. They fell sharply after the filing
