Harvard University Holds Stake in SpaceX Worth About 3 Trillion Won

It has been revealed that Harvard University has invested in SpaceX.

According to U.S. media outlets including Fox News, the Harvard Management Company, which manages the university's endowment, disclosed in a quarterly report that it holds 12,935,100 shares of SpaceX stock.

According to the report, this amounts to 2.2 billion dollars, or approximately 3.121 trillion won in Korean currency.

Considering that SpaceX's stock price has declined somewhat since the reference date of June 30, the current value of the stake is estimated to reach 1.8 billion dollars.

It has not been confirmed when or at what price Harvard University acquired its SpaceX stake.

The Harvard Management Company reports its holdings of publicly traded stocks to the U.S. Securities and Exchange Commission (SEC) within 45 days after the end of each quarter.

Because SpaceX went public on June 12, the investment made while it was a private company was not included in the quarterly report.

SpaceX accounts for the largest share among the stocks held by Harvard University.

Harvard University holds a total of 4.3 billion dollars in stock, including TSMC and Cerebras, and has also invested in cryptocurrencies such as bitcoin and precious metals.

Attention is focused on the background of Harvard's investment, given that relations between the two sides had been strained after Musk criticized Harvard University several times over the past few years.

In December 2023, when former Harvard University President Claudine Gay showed a lukewarm attitude regarding the atmosphere of campus antisemitism at a hearing of the U.S. House Committee on Education, Musk pressured her by stating, "Cutting off funding to Harvard is the only way."

Former President Gay eventually resigned amid backlash from Jewish organizations and various controversies.

Musk also expressed agreement when voices of criticism arose over Harvard University's adherence to "diversity, equity, and inclusion admission and hiring policies."

(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.