Harvard’s endowment just cashed in big time—its $2.2 billion stake in SpaceX, now its largest single holding, is turning into serious returns as the rocket company surges. With U.S. equity holdings valued at $4.3 billion, this move isn’t accidental; it’s a long-term bet that’s paying off, especially as universities face budget crunches. Other giants like UC system also hold major stakes, proving institutional investors are betting big on Musk’s space empire. Details on how Harvard got here? Still murky—but filings confirm the windfall, spotlighting how endowments are chasing high-growth plays to future-proof their finances.
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