Harvard Invests Big in Elon Musk's SpaceX

Harvard University holds a massive amount of money. The people who manage this money, Harvard Management Company, recently shared an exciting piece of news. They have put $2.2 billion into Elon Musk's rocket company, SpaceX.

This big investment shows that Harvard sees great value in SpaceX. Many universities invest their money to help them grow. They often look for new companies that promise big success. SpaceX, known for its rockets and satellite internet, clearly fits this idea for Harvard.

University funds made early bets on SpaceX. These early investments now bring good returns. This move by Harvard highlights the company's strong growth and bright future. It tells us that even large, respected institutions believe in what Elon Musk is building.

Source: Fox Business