Harvard Invests Billions in SpaceX

Harvard University just made a big move. Its money managers put billions into SpaceX, Elon Musk's rocket company. This news shows Harvard's trust in space travel and new technology.

Harvard's investment group, Harvard Management Company, bought a large part of SpaceX. They now own $2.2 billion in the company. This shows that Harvard saw the value in SpaceX early on.

Many universities made good money from their early bets on SpaceX. These endowments help fund the schools. Harvard's choice highlights how smart investments can grow over time.

This move by Harvard signals a strong future for space companies. It means experts see growth ahead. It also shows the power of investing in exciting new ventures.

Source: Fox Business