Harvard Endowment Discloses $2.2 Billion SpaceX Stake, Its Largest Single Position

3-line summary

• Harvard Management Co. disclosed a $2.2 billion stake in SpaceX in its 13F filing submitted last Friday, making it the largest single stock position in the endowment's quarterly securities filing, with total U.S. equity holdings of $4.3 billion; Harvard's endowment was valued at $57 billion as of June 2025, the last public figure, according to a Yahoo Finance report.
• SpaceX went public in June at $135 per share and finished Friday's session at $140, down 0.9% on the day, with a market capitalization exceeding $1.8 trillion; the University of California's investment arm separately reported a roughly $1 billion SpaceX position in a filing this week, according to Bloomberg.
• The windfall arrives at a difficult moment for U.S. university finances, amid cuts to federal research grants, a declining college-age population and sluggish returns elsewhere in university endowments.

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