A long-term Elon Musk backer is cashing out of Tesla — and cutting its SpaceX exposure
According to reporting by CNBC International Markets, Scottish Mortgage Investment Trust has cut its SpaceX holding to 11.1% of assets and sold its remaining Tesla stake.
International wire reporting from the CNBC International Markets confirms significant developments in United States. Global observers and diplomatic missions are monitoring strategic and macroeconomic ramifications.
“International wire reporting from the CNBC International Markets confirms significant developments in United States. Global observers and diplomatic missions are monitoring strategic and macroeconomic ramifications.”
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- •Official Issuing Wire: CNBC International Markets
- •Editorial Desk: Global Economy
- •Coverage Domain: WORLD
- •Publication Status: Verified Journalistic Dispatch
Executive Briefing
According to reporting by CNBC International Markets, Scottish Mortgage Investment Trust has cut its SpaceX holding to 11.1% of assets and sold its remaining Tesla stake.
Detailed Factual Report
A key early investor has sold the last of its Tesla shares and sharply reduced its SpaceX holding, taking profits from two of its most successful long-term bets.
Scottish Mortgage Investment Trust , a London-listed closed-end fund managed by Baillie Gifford, said Friday that SpaceX represented 11.1% of its total assets as of Wednesday, down from 15% at Sept. 30.
The position helped drive Scottish Mortgage's 31.5% net asset value return in the six months to the end of September. In its half-year results statement, Scottish Mortgage also said it sold its remaining Tesla stake in April, ending an investment that dated back to 2013.
Scottish Mortgage first invested in SpaceX in December 2018, when Elon Musk 's rocket company had a reported valuation of about $31 billion, and committed roughly $200 million through 2021.
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Source & Verification Provenance
Information in this article was compiled directly from records provided by CNBC International Markets. Access the primary source document at: https://www.cnbc.com/2026/11/06/scottish-mortgage-tesla-spacex.html. Reporting and editorial review conducted by the USA NOW News Desk.
Event Timeline & Developments
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What are the key diplomatic or regional findings in this report?
Official communications from CNBC International Markets highlight significant international developments and strategic implications involving United States.
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Reporting indicates engagement among foreign ministries, diplomatic representatives, and international monitoring institutions.
Where can readers follow subsequent communiqués?
Direct official transcripts and bulletins are distributed via CNBC International Markets at https://www.cnbc.com/2026/11/06/scottish-mortgage-tesla-spacex.html.
Official Government & Primary Citations
- CNBC International Markets — https://www.cnbc.com/2026/11/06/scottish-mortgage-tesla-spacex.html
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