University Endowments Face Forced Selling After SpaceX IPO

US college and university endowments hold major SpaceX stakes, per the Wall Street Journal (June 9, 2026). When the company prices on June 11, these long-duration holders will convert illiquid private equity into liquid public shares. As endowments rebalance their alternatives allocation—which will spike post-IPO—they face potential selling pressure in the weeks following lockup expiration. That aftermarket demand shift could reshape SpaceX's stock trajectory and signal broader recalibration in late-stage private valuations.