▲ 2 r/academia
SpaceX IPO and university endowments
About 20 years ago, a number of univerisites invested, mostly indirectly through a hedge fund, in SpaceX. That company has stayed private, so the schools have not been able to liquidate the position.
If the IPO goes as expected in the $135 range, some with a particularly big positions stand to make a lot of money.
The news shows how poorly diversified some endowments are. UNC system is over 10% in this one security. Stanford has a lot because so many Silicon Valley private equity firms have positions. Washington University has apparently been playing the sucker's game of concentrated investment, but may get a payday.
u/IkeRoberts — 1 day ago