Harvard makes massive $2.2B SpaceX bet on Elon Musk's rocket company
Harvard's $2.2B SpaceX stake is a surprise, but it's not the only university to profit from the rocket company.
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Source diversity sample: Pluang · Bloomberg Law News · Bloomberg.com · Business North Carolina · Fox Business.
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Harvard's endowment has revealed a $2.2 billion stake in SpaceX, a surprising disclosure given the university's usual investment strategy. The investment was made after SpaceX's valuation surged to $1.8 trillion and its public debut. The disclosure comes amid a broader trend of universities profiting from early-stage investments in tech companies.
Bloomberg Law News notes that colleges are increasingly winning from such investments. Meanwhile, Business North Carolina reports that the University of North Carolina's endowment has also gained significantly from its SpaceX investment, producing a $1 billion gain with more expected. The reporting does not yet specify how long Harvard has held the stake or the exact terms of the investment.
It is also unclear whether other universities have made similar investments in SpaceX or other tech companies.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 2h ago.
Coverage (5)
- Harvard reveals $2.2B stake in SpaceX after its $1.8T valuation and public debut surge. Pluang · 5h ago
- A SpaceX Bet Shows Colleges Winning From Early-Stage Investments Bloomberg Law News · 5h ago
- Harvard Fund Discloses $2.2 Billion Stake in Musk’s SpaceX Bloomberg.com · 5h ago
- SpaceX produces $1B gain for UNC endowment, with more to come Business North Carolina · 5h ago
- Harvard makes massive $2.2B SpaceX bet on Elon Musk's rocket company Fox Business · 5h ago
Answered
How much has Harvard invested in SpaceX?
Harvard has invested $2.2 billion in SpaceX.
What is the current valuation of SpaceX?
SpaceX's valuation is $1.8 trillion.
Has any other university invested in SpaceX?
The University of North Carolina's endowment has also gained significantly from its SpaceX investment.
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