Harvard Management Co. disclosed a $2.2 billion stake in Space Exploration Technologies Corp.
A Bigger Bet Than Amazon or Nvidia
The university held 12.94 million shares of SpaceX Class A common stock as of June 30, according to a 13F filing disclosed on Friday.
The stake makes SpaceX Harvard's largest disclosed public equity holding, well ahead of its next-largest positions in Amazon.com, Inc.
The SpaceX stake accounts for more than half of Harvard's $4.3 billion in total U.S. equities disclosed in the filing.
At Friday's closing price, Harvard's stake would be worth approximately $1.81 billion.
The University of California's investment arm also disclosed a stake in SpaceX, worth roughly $1 billion.
SpaceX Stock's Volatile Run
The company went public on the Nasdaq on June 12 and hit an all-time high of around $225 days later, before falling as low as around $104 in early August, a decline of more than 50% from its peak.
Shares have since rebounded after the company reported second-quarter revenue of $7.81 billion, up 92% year-over-year and ahead of the $6.93 billion analysts expected.
SpaceX's rebound since its post-IPO plunge has also boosted Elon Musk's net worth, which topped $858 billion last week, making him richer than Larry Page, Sergey Brin, and Jeff Bezos combined.
Other Big Investors In SpaceX
Nvidia disclosed a $21 billion stake in SpaceX as of the end of the second quarter, according to its own 13F filing.
Google parent Alphabet Inc.
Last week, Norway's $2.3 trillion sovereign wealth fund revealed a $1.22 billion stake in SpaceX, its first public disclosure of a position in the company.
Price Action: Shares of SpaceX closed 0.91% lower on Friday at $140 and gained 0.4% in extended trading.
