Harvard University's Endowment Invests $2.2 Billion in SpaceX
Harvard Management, the investment arm of Harvard University with a total value of approximately $57 billion, has disclosed a significant $2.2 billion stake in Space Exploration Technologies (NASDAQ: SPCX), commonly known as SpaceX. This marks SpaceX as the largest single stock holding for the fund's equity portfolio, which totals around $4.3 billion and includes major tech companies like Taiwan Semiconductor Manufacturing, Amazon, Microsoft, and Cerebras Systems. The investment comes amid a broader asset allocation strategy where publicly traded stocks represent only a small portion of Harvard’s holdings—about 28% are in private equity and hedge funds as of fiscal 2025. The fund also holds $101 million in Bitcoin through the iShares Bitcoin Trust ETF (IBIT). Historically, Harvard's endowment has experienced strong returns, including a notable 33.6% gain in 2021 but suffered a significant loss during the global financial crisis.
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Topics: endowment Harvard Management Company SpaceX stock holdings