SpaceX shares rebound following CEO Elon Musk’s reveal of the new xAI Grok 4.6 model. Siebert Financial CIO Mark Malek discusses SpaceX’s market performance, AI competitiveness and revenue potential on ‘Mornings with Maria.’ Harvard University’s investment arm revealed a $2.2 billion stake in SpaceX, revealing a huge payoff from an initial investment in Elon Musk’s rocket company following its successful public debut. Harvard Management Company disclosed the position in a regulatory filing on Friday, making SpaceX the largest single disclosed shareholding in its $4.3 billion U.S. stock portfolio. The investment highlights how SpaceX’s record-breaking initial public offering in June generated significant returns for university endowments that gained exposure to the company through venture capital investments, in some cases more than a decade ago. SPACEX AND TESLA CHOOSE TEXAS FOR AI CHIP MANUFACTURING PLANT THAT WILL BE THE LARGEST BUILDING IN THE WORLD SpaceX’s next-generation Starship spacecraft mounted on its Super Heavy booster launches in its ninth test at the company’s launch pad in Starbase, Texas, on May 27, 2025. (Joe Skipper/Reuters, File/Reuters)Harvard administration oversaw about $57 billion through June 2025, according to the latest publicly available figure. Harvard is not the only university investor benefiting from SpaceX’s entry into the public markets. The University of California’s investment arm disclosed a position worth about $1 billion in a filing this week, while the University of North Carolina and Washington University in St. Louis also had investments in the company. Ticker Security Last Change Change % SPCX NO DATA AVAILABLE – – – Harvard’s position could include both shares directly owned and shares distributed to the university through private investment funds. Harvard Management Company and SpaceX did not immediately respond to FOX Business’ requests for comment. CATHIE WOOD SAYS BASISTED SPACEX COULD BECOME ‘THE MOST IMPORTANT COMPANY IN WORLD HISTORY’ Harvard University’s investment arm revealed a $2.2 billion stake in SpaceX. (Scott Eisen/Getty Images, File / Getty Images)SpaceX currently has a valuation of more than $1.8 trillion. The gains come as university finances face pressure from uncertainty over federal research funding, demographic changes that are reducing the number of college-age students and weaker returns on private equity. However, large university endowments have achieved strong recent performance. Endowments with more than $500 million under management earned an average return of 18.9% before fees in the year that ended in June, according to the Wilshire Trust Universe Comparison Service. SpaceX currently has a valuation of over $1.8 trillion. (Getty Images, File/Getty Images) SpaceX shares have fluctuated since the company debuted at $135 per share. The stock fell 0.9% on Friday to close at $140. CLICK HERE TO GET FOX BUSINESS ON THE GO Investment managers overseeing more than $100 million in U.S. stocks are generally required to file Form 13F within 45 days of the end of each quarter, which provides a snapshot of their holdings in securities traded on U.S. exchanges.
