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Harvard's $2.2B SpaceX bet pays off after rocket IPO
Harvard Management disclosed a $2.2B SpaceX stake, making the rocket company its largest U.S. equity holding after the June IPO delivered gains for early university investors.
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Harvard University's investment arm disclosed a $2.2 billion stake in SpaceX, revealing a massive payoff from an early bet on Elon Musk's rocket company following its record-setting public debut. Harvard Management Company reported the position in a regulatory filing Friday, making SpaceX the largest individual stock holding in its $4.3 billion portfolio of U.S. equities.
The disclosure shows how SpaceX's June initial public offering delivered significant gains for university endowments that gained exposure to the company through venture capital investments, in some cases more than a decade ago. Harvard Management oversaw about $57 billion as of June 2025, according to the latest publicly available figure.
Harvard is not the only university investor benefiting from SpaceX's move into public markets. The University of California's investment arm disclosed a position worth roughly $1 billion in a filing this week, while the University of North Carolina and Washington University in St. Louis also held investments in the company.