SpaceX’s Success and Harvard’s Investment
After SpaceX’s CEO Elon Musk unveiled the new xAI Grok 4.6 model, the company’s stock saw a significant rise. According to Siebert Financial’s CIO Mark Malek, this development has implications for SpaceX’s market performance, its position in AI, and its potential revenue, as discussed on Mornings with Maria.
In a recent regulatory filing, Harvard University’s investment branch disclosed that it has taken a $2.2 billion stake in SpaceX public, showcasing the lucrative returns from Musk’s initial investment in the rocket venture following its highly successful public debut.
The Harvard Management Company reported this position on Friday, marking it as the largest individual stock holding within SpaceX’s overall portfolio, valued at $4.3 billion in U.S. stocks.
This investment emphasizes the considerable gains for university endowments that secured stakes in SpaceX through venture capital investments, some of which began over a decade ago.
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As of June 2025, the Harvard Management Company managed approximately $57 billion in assets, based on the latest data available.
Harvard isn’t standing alone in this. The University of California’s investment unit revealed a position worth around $1 billion in a filing this week. Meanwhile, both the University of North Carolina and Washington University in St. Louis have also invested in SpaceX.
It’s possible that Harvard’s holdings encompass both directly owned stock and shares received through private investment funds.
Interestingly, SpaceX is now valued at over $1.8 trillion, which is notable given the financial pressures universities are currently facing—uncertainties around federal research funding, a decline in the student population, and lower returns from private equity are all part of this landscape.
Despite these pressures, large university endowments have been performing relatively well recently.
For instance, endowments managing over $500 million reported a median pre-fee return of 18.9% for the year ending in June, according to the Wilshire Trust Universe Comparison Service.
Stock in SpaceX has been somewhat unpredictable since its debut at $135 per share, experiencing a dip of 0.9% on Friday and closing at $140.
This dynamic situation certainly creates a mix of optimism and caution in the investment landscape, particularly regarding new technologies and market trends.
Investment managers handling over $100 million in U.S. equities are generally expected to file Form 13F, which offers insights into their holdings in securities traded on U.S. exchanges, within 45 days of each quarter’s end.
