Baillie Gifford trusts gain from SpaceX valuation

In a recent share buyback, Elon Musk’s SpaceX became the most valuable private company, offering employees $185 per share, a 65% increase from the previous price of $112. Thanks to a surge in investor interest following his relationship with Donald Trump, Musk’s companies like Tesla and xAI have seen significant gains, benefiting Baillie Gifford-managed investment trusts with exposure to SpaceX. Despite risks associated with private investments, Baillie Gifford’s successful strategy has led to substantial returns, with US Growth and Edinburgh Worldwide experiencing significant NAV growth, while Scottish Mortgage continues to trade at a discount despite its promising holdings in companies like SpaceX and Tesla.

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