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- Harvard makes massive $2.2B SpaceX bet on Elon Musk’s rocket company
Harvard University’s investment arm disclosed a $2.2 billion stake in SpaceX, revealing a massive payoff from an early investment in Elon Musk’s rocket company following its blockbuster public debut.Harvard Management Company reported the position in a regulatory filing Friday, making SpaceX the largest individual stock holding disclosed in its $4.3 billion portfolio of U.S. equities.The investment highlights how SpaceX’s record-setting June initial public offering delivered significant gains for university endowments that gained exposure to the company through venture capital investments, in some cases more than a decade ago.SPACEX AND TESLA CHOOSE TEXAS FOR AI CHIP MANUFACTURING PLANT THAT WILL BE WORLD'S LARGEST BUILDINGHarvard Management oversaw about $57 billion as of June 2025, according to the latest publicly available figure.Harvard is not the only university investor benefiting from SpaceX’s move into the public markets.The University of California’s investment arm disclosed a position worth roughly $1 billion in a filing this week, while the University of North Carolina and Washington University in St. Louis also held investments in the company.Harvard’s position could include both shares owned directly and stock distributed to the university through private investment funds. Harvard Management Company and SpaceX did not immediately respond to FOX Business’ requests for comment.CATHIE WOOD SAYS BATTERED SPACEX COULD BECOME 'MOST IMPORTANT COMPANY IN GLOBAL HISTORY'SpaceX currently carries a valuation of more than $1.8 trillion. The gains arrive as university finances face pressure from uncertainty over federal research funding, demographic changes that are reducing the pool of college-age students and weaker returns from private equity.Large university endowments have nevertheless delivered strong recent performance. Endowment funds managing more than $500 million returned a median 18.9% before fees in the year ended in June, according to the Wilshire Trust Universe Comparison Service.SpaceX shares have fluctuated since the company debuted at $135 per share. The stock fell 0.9% Friday to close at $140.CLICK HERE TO GET FOX BUSINESS ON THE GOInvestment managers overseeing more than $100 million in U.S. equities generally must submit Form 13F within 45 days after the end of each quarter, providing a snapshot of their holdings in securities traded on U.S. exchanges. [TheTopNews] Read More.36 mins ago - Walmart tomato bisque soup recalled over possible Listeria contaminationKettle Cuisine LLC is recalling more than 3,000 Marketside Tomato Bisque Soup Kits sold exclusively at select Walmart stores because of possible Listeria contamination, according to a company announcement posted by the U.S. Food and Drug Administration.The recall covers 3,240 14-ounce Marketside Tomato Bisque Soup Kits with UPC 194346474004 and a use-by date of Aug. 22, 2026. The products were distributed from June 30 through July 7, to select Walmart stores across 29 states.Kettle Cuisine initiated the recall after routine company testing produced a presumptive positive result for Listeria monocytogenes, according to the announcement. The company said it is continuing to investigate in coordination with the FDA.No illnesses associated with the recalled soup have been confirmed, the company said.250,000 MINIFRIDGES SOLD ON AMAZON RECALLED FOLLOWING REPORTS OF FIRESFOX Business reached out to Kettle Cuisine for additional information about the testing, whether the presumptive positive result has been confirmed and whether additional products or lots are being tested.FOX Business also reached out to Walmart for comment, including whether all affected products have been removed from store shelves and how the retailer is notifying customers who may have purchased the recalled soup.The affected products were distributed to select Walmart stores in Arkansas, California, Colorado, Connecticut, Delaware, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Missouri, Mississippi, North Carolina, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Texas, Virginia, Vermont, Wisconsin and West Virginia.Consumers should not eat, serve, sell or distribute the recalled soup, according to the announcement. They should dispose of the product or return it to the place of purchase for a refund.POPULAR HAIR PRODUCT RECALLED NATIONWIDE OVER POTENTIAL EXPLOSION HAZARDListeria monocytogenes can cause serious and sometimes fatal infections in young children, older adults and people with weakened immune systems. Healthy people may experience short-term symptoms including fever, severe headache, stiffness, nausea, abdominal pain and diarrhea. Infection can also cause miscarriage and stillbirth in pregnant women, according to the recall notice.Consumers should not rely on the product's smell or appearance to determine whether it is safe, the announcement said. People who handle the recalled soup should wash their hands and clean and sanitize refrigerators, freezers, containers, utensils, countertops and other surfaces that may have come into contact with it.Anyone who ate the recalled product and develops symptoms of listeriosis should contact a healthcare provider, according to the announcement.CLICK HERE TO GET FOX BUSINESS ON THE GOConsumers with questions… [TheTopNews] Read More.2 hours ago
- The Charming, Amusing, Surprisingly Low-Confidence Matthew Rhys
The “Widow’s Bay” star on his two Emmy nominations, his penchant for going dark and his wobbly self-esteem. [TheTopNews] Read More.12 hours ago - The Cutthroat Wearables Battle Is About More Than Tracking Your FitnessGoogle, Apple, Samsung and upstarts like Oura are racing to integrate data from their wearable devices into the health care system. [TheTopNews] Read More.13 hours ago
- I drove Tesla FSD, Rivian Autonomy+ ‘hands-free’ driving systems. Here’s h...
Rivian is trying to catch up to Tesla's "hands-free" capabilities, but with additional safety guardrails that the Elon Musk company doesn't have. [TheTopNews] Read More.13 hours ago - Israeli Strikes in Lebanon Kill 9, Health Officials SayThe Lebanese health ministry said several children were killed in a strike overnight, one of the deadliest attacks in months. Israel’s military said it was targeting Hezbollah infrastructure. [TheTopNews] Read More.14 hours ago
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