The soaring valuation of Elon Musk\u2019s SpaceX rocket and satellite business has given a boost to one of the most popular investment trusts on the London stock market.<\/p>\n
RIT Capital Partners, which first invested directly in SpaceX in 2024, reported on Tuesday that the value of its stake in the American company had risen to \u00a3102.3 million by the end of last year, making it the eighth-biggest holding of the Rothschild-backed vehicle.<\/p>\n
The size of RIT\u2019s position, which had been worth \u00a331.4 million only six months earlier, has increased as the FTSE 250 investment trust has added to its stake and as the rocket company\u2019s valuation has risen. <\/p>\n
A share sale by SpaceX in December put a price tag of about $800 billion on the business, up from $400 billion in July. Its valuation has since jumped again to $1.25 trillion<\/a> after it bought Musk\u2019s xAI start-up<\/a> last month in a deal that makes it the world\u2019s most valuable private business.<\/p>\n An initial public offering of SpaceX, which takes astronauts to and from the International Space Station and is also behind the Starlink satellite internet service, is now hotly anticipated by investors. A listing could happen as soon as this year and might value SpaceX at $1.5 trillion, which in turn could make Musk, who is already the world\u2019s richest man, the first trillionaire.<\/p>\n Maggie Fanari, 45, who runs J Rothschild Capital Management, which manages RIT, described SpaceX as \u201cthe most innovative company of our time\u201d. It is one of several bets the trust has made on unlisted businesses, including a move last year to invest in Anthropic, a leading developer of artificial intelligence. RIT\u2019s Anthropic stake was valued at \u00a37.4 million as of the end of December.<\/p>\n