Several US university endowment funds are poised to reap significant returns from SpaceX's impending IPO, according to a Wall Street Journal report. The University of North Carolina System has invested about 10% of its endowment in SpaceX, largely through early investments in Peter Thiel's Founders Fund. Washington University in St. Louis holds over 15% of SpaceX, having invested alongside Vy Capital in 2018. Stanford University also has a notable stake via Founders Fund, Sequoia Capital, and others. SpaceX's valuation has surged from $140 billion in December 2022 to an IPO valuation of approximately $1.77 trillion. Some universities have already begun to cash out in the secondary market, with the University of Washington reducing its holdings to secure profits. Despite these potential gains, the use of endowment funds is legally restricted, limiting universities' control over them.