[SpaceX Investment Soars to Approximately $2 Billion, California Pension Fund Faces Concentration Risk] Deep Tide TechFlow reports that on August 27, according to Bloomberg, the Orange County Employees Retirement System in California invested $60 million in SpaceX about eight years ago. Today, the value of that investment has grown to approximately $2 billion. Although the significant appreciation has brought considerable returns to the pension fund, it has also resulted in an asset concentration far exceeding expectations. As a result, the fund needs to reassess and adjust its risk management and portfolio strategies to address the long-term management challenges posed by the high proportion of a single, highly volatile asset.