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Harvard Management Co. Discloses $2.2 Billion SpaceX Stake, Becoming the Company's Largest Single Stock Holding

Harvard Management Co. disclosed a $2.2 billion stake in SpaceX, making the aerospace company the largest single stock position in the endowment's publicly reported U.S. equity portfolio. As of June 30, 2026, the position represents approximately 12.94 million shares, accounting for more than 50% of the firm's disclosed U.S. holdings. This concentration is notable as university endowments typically maintain more diversified portfolios. SpaceX went public on June 12, 2026, in a record-setting IPO that raised $85.7 billion. While the stock has experienced volatility since its debut, the investment provides Harvard with a significant financial tie to Elon Musk, who has previously called for the university to be defunded. The administration announced that the SpaceX stake is the largest individual stock position in the Harvard Management Company's quarterly securities filing. In addition to SpaceX, the portfolio includes significant positions in Taiwan Semiconductor Manufacturing Company and Cerebras Systems. The firm also increased its exposure to artificial intelligence and semiconductors while reducing its holdings in cryptocurrency and Booking Holdings.

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