RIT Capital Partners' SpaceX stake tops 100m as Elon Musk valuation soars

"SpaceX's valuation has accelerated at a pace rarely seen even in the technology sector. A secondary share sale in December placed the company's worth at around $800 billion, double the $400 billion valuation recorded in July. Since then, the figure has climbed again to an estimated $1.25 trillion after SpaceX acquired Musk's artificial intelligence venture xAI in a landmark deal."

"The Rothschild-backed investment trust revealed that its holding in the US aerospace group had risen to £102.3 million, making it the eighth-largest position in its portfolio. Just six months earlier, the stake had been valued at £31.4 million, highlighting the dramatic uplift driven by both additional investment and a rapid re-rating of SpaceX itself."

"RIT Capital Partners first invested directly in SpaceX in 2024, marking a deliberate tilt towards high-growth private technology companies. The trust is managed by J Rothschild Capital Management, led by Maggie Fanari, who described SpaceX as 'the most innovative company of our time'."

RIT Capital Partners, backed by the Rothschild family, has realized substantial gains from its SpaceX investment, with the stake reaching £102.3 million by the end of the year, up from £31.4 million six months prior. SpaceX's valuation has accelerated dramatically, reaching $1.25 trillion after acquiring Elon Musk's artificial intelligence venture xAI, making it the world's most valuable private company. The company operates the Falcon launch program, transports astronauts to the International Space Station, and runs Starlink, a rapidly growing satellite internet service serving millions globally. RIT's investment strategy reflects a deliberate shift toward high-growth private technology companies, with management describing SpaceX as the most innovative company of the era. Market speculation suggests a potential IPO could value SpaceX at $1.5 trillion.

Read at Business Matters