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Met Opera Faces Crisis: Endowment Depleted, Seeking Corporate Aid

3/8/2026

35 3 Full Breakdown

Summary

Story summary

The Metropolitan Opera has depleted its endowment by a third, creating a crisis.
Peter Gelb, the Met's general manager, sought support from Saudi Arabia and asked Elon Musk, CEO of SpaceX, about an opera in outer space, but Musk did not respond.
Gelb is considering corporate sponsorship and plans to introduce corporate boxes.
He is contemplating selling the Met’s Chagall murals if a buyer keeps them.

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Story summary

The Metropolitan Opera has depleted its endowment by a third, creating a crisis.
Peter Gelb, the Met's general manager, sought support from Saudi Arabia and asked Elon Musk, CEO of SpaceX, about an opera in outer space, but Musk did not respond.
Gelb is considering corporate sponsorship and plans to introduce corporate boxes.
He is contemplating selling the Met’s Chagall murals if a buyer keeps them.