The UNC System, which serves the state's 16 public universities, could see significant investment returns from its large stake in SpaceX, The Wall Street Journal reports.
Zoom in: The UNC System has around 10% of its endowment invested into SpaceX, according to the Wall Street Journal, an unusually large amount for an endowment.
That is largely due to an investment in Founders Fund, a venture capital firm led by Peter Thiel that was one of SpaceX's initial backers.
The UNC System did not comment on the report. Its endowment is run by UNC Management Co., which also leads UNC-Chapel Hill's individual endowment. UNC Management Co. has not responded to a request for comment.
What's next: The endowment is currently discussing whether to hedge its positions in SpaceX, the Journal reported.
