Many US universities' endowment funds are poised to receive substantial returns from SpaceX's IPO.

CoinFeed reported on June 9th that, according to the Wall Street Journal, SpaceX's upcoming IPO is expected to generate substantial paper profits for the endowments of several US universities. The University of North Carolina System has approximately 10% of its endowment invested in SpaceX, primarily due to its early investment in Peter Thiel's Founders Fund. Washington University in St. Louis holds over 15% of SpaceX, having invested in the company in 2018 in conjunction with Vy Capital. Stanford University also holds a significant stake in SpaceX indirectly through Founders Fund, Sequoia Capital, Andreessen Horowitz, Thrive Capital, and Darsana, among others.