Harvard Invests Billions in Elon Musk's SpaceX

Harvard University holds a massive stake in Elon Musk's company, SpaceX. The university's money management group, Harvard Management Company, recently shared this news. They bought $2.2 billion worth of SpaceX shares.

This big investment shows how much Harvard's fund has grown. Many university funds invested early in companies like SpaceX. These early investments now bring large returns.

SpaceX builds rockets and sends them into space. Elon Musk leads the company. He also runs Tesla, the electric car maker.

This news means Harvard believes in the future of space travel. Their early belief in new technologies helps them earn more money. This helps the university keep growing its funds.

Source: Fox Business