Harvard Management Co. revealed a $2.2 billion stake in SpaceX in its latest 13F filing, marking one of the largest endowment holdings in the rocket company. The disclosure came on Friday and showed SpaceX as the largest single stock in Harvard's $4.3 billion US equities portfolio. Harvard managed $57 billion in assets as of June 2025, according to the filing, highlighting the university’s significant investment in the space exploration firm.
The stake reflects Harvard’s early investment in SpaceX, which has grown substantially following the company’s record-breaking initial public offering in June. The endowment’s position likely includes both directly owned shares and distributions from private funds. Harvard’s spokesman, Patrick McKiernan, declined to comment on individual investments. Other university endowments, such as those of the University of California, North Carolina, and Washington University in St. Louis, have also reported sizable SpaceX holdings, benefiting from the company’s soaring valuation.
SpaceX’s valuation has surged past $1.8 trillion, boosting returns for institutional investors who backed the company through venture capital years ago. This surge comes amid challenges in US university finances, including threats to federal research funding, demographic shifts reducing college-age populations, and muted private equity returns. Harvard’s substantial exposure to SpaceX underscores the growing role of high-profile tech investments in endowment portfolios seeking to offset broader financial pressures.
Harvard’s $2.2 billion stake in SpaceX was disclosed in its 13F filing dated August 14, 2026, positioning the space company as the largest single stock in the university’s US equities holdings. The endowment’s total assets stood at $57 billion as of June 2025, according to the filing.