Business Finance Media Technology Policy Wealth Insights Interviews

Art Art Fairs Art Market Art Reviews Auctions Galleries Museums Interviews

Lifestyle Nightlife & Dining Style Travel Interviews

Power Lists Nightlife & Dining Art A.I. PR

About About Observer Advertise With Us Reprints

Harvard’s $2.2B SpaceX Stake Shows How Elite Universities Invest in Tech

America’s wealthiest universities are using their multibillion-dollar endowments to gain exposure to some of Silicon Valley’s most valuable companies.

Last week, Harvard University disclosed a $2.2 billion stake in SpaceX held by Harvard Management Company, which manages the university’s massive endowment. Harvard also disclosed a roughly $350 million stake in Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker. University endowments, traditionally investing in diverse, low-risk assets, are moving closer to Silicon Valley by making direct investments in companies and backing venture capital funds.

Sign Up For Our Daily Newsletter

Thank you for signing up!

By clicking submit, you agree to our terms of service and acknowledge we may use your........

© Observer