Harvard University invests in Elon Musk's SpaceX, its largest holding

Harvard University's endowment fund has made a significant investment in Elon Musk's aerospace company, SpaceX. The university's endowment, managed by Harvard Management Company, disclosed its ownership of over 12.9 million SpaceX shares in a recent regulatory filing. As of June 30, this stake was valued at approximately $2.2 billion, making it the largest holding within the university's investment portfolio.

The investment surfaces at a time when Harvard President Claudine Gay has been publicly at odds with Musk. The billionaire has been a vocal critic of the university's response to antisemitism on campus and has called for Gay's resignation. Despite these public disagreements, the university's financial managers have proceeded with this substantial investment in Musk's company.

SpaceX, known for its Starlink satellite internet service and its role in space exploration, has become a major player in the aerospace industry. The company's valuation has soared in recent years, attracting significant interest from institutional investors. Harvard's investment underscores the financial appeal of the company, even as its founder engages in public disputes with the university's leadership.