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The SpaceX initial public offering is set to provide significant financial windfalls for some university endowments, The Wall Street Journal reports. The University of North Carolina system has about 10% of its endowment invested in the rocket company, while Washington University in St. Louis has a mid-teens percentage, according to anonymous sources. Some colleges are now strategizing on managing their concentrated investments as well as potential volatility in their portfolios. submitted by /u/LinkedInNews |
