SpaceX Plans IPO, Potentially Delivering Substantial Returns to U.S. University Endowment Funds

TechFlow reports that, according to the Wall Street Journal on June 9, SpaceX is one of the most widely held investments among U.S. university endowment funds—and its upcoming IPO could mark a major profit event for these endowments. Endowment executives stated that multiple universities hold investments in SpaceX. The report notes that approximately 10% of the University of North Carolina system’s endowment is tied to SpaceX. Although Elon Musk has criticized U.S. universities, universities have not reciprocated with similar criticism.