Harvard endowment surges 27.1% on AI and SpaceX bets, second-best year on record

Harvard's $68bn endowment posted a 27.1% annual return, its second-best ever, driven by a rebound in private capital holdings, particularly AI and SpaceX investments. The performance signals renewed strength in private markets after a downturn, though it reflects a single institution's portfolio and may not indicate broader market trends.