Industry
UNC endowment annual return tops 30 percent as pre-IPO SpaceX bet pays off
The University of North Carolina endowment posted an annual return of more than 30 percent through June, with an early investment in SpaceX cited as a key driver. The stake reportedly grew to about 10 percent of the fund before any listing. Former UNC-Chapel Hill chancellor Holden Thorp, who once opposed the bet, later acknowledged he was wrong. Similar rebounds in private tech holdings are also being cited at other U.S. university endowments.
