Harvard Endowment Jumps 27.1% to $68 Billion on $2.2 Billion SpaceX Stake
Updated
Updated · CNBC · Oct 15
Harvard Endowment Jumps 27.1% to $68 Billion on $2.2 Billion SpaceX Stake
3 articles · Updated · CNBC · Oct 15
Summary
$68 billion — Harvard said its endowment posted a 27.1% fiscal 2026 return, its strongest gain in five years and 4.8 percentage points above the S&P 500.
A $2.2 billion SpaceX holding, disclosed in Harvard's second-quarter 13F filing, was the endowment's largest position by value; Taiwan Semiconductor ranked a distant second at just under $350 million.
That investment windfall comes as Harvard's federal pressures deepen: federally sponsored research revenue fell 19.5% to $509 million in fiscal 2026.
An excise tax hike on net investment income to 8% from 1.4% will cost about $300 million a year, the university said, limiting how quickly market gains can support operations.