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Harvard Endowment Jumps 27.1% on SpaceX Stake

Original: Harvard Endowment Soars 27.1%, With Help From SpaceX Stake

Harvard Management Company, which oversees the university's endowment, posted a 27.1% return, with its stake in Elon Musk's SpaceX contributing significantly to the gain. The private rocket company's sharply rising valuation boosted the fund, one of the largest university endowments in the world, as institutional investors increasingly rely on private market bets for returns.

Why now: The outperformance of one of the world's largest university endowments, powered by a high-profile private tech holding, is striking news in markets.

Harvard UniversityHarvard Management CompanySpaceXElon Musk

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Evidence

• Harvard Endowment Soars 27.1%, With Help From SpaceX Stake · Barron's

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