SpaceX Stake Helps Drives 37.3% Return for Washington University
THE SO WHAT
A single early SpaceX stake adding $2B+ and driving a 37.3% endowment return shows how concentrated venture-style bets are creeping into institutional portfolios. For founders and operators, this means more long-horizon capital is willing to underwrite deep tech risk—but also more sophisticated LP expectations around governance and liquidity.
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