If Elon Musk’s space company SpaceX does an IPO this year, I imagine there will be a lot of investors in the UK who want to buy the shares. Musk has been made for the long term Tesla Investors make a ton of money and there’s a chance he’ll do the same thing again.

The thing is, UK investors don’t have to wait for the IPO to invest in SpaceX. Believe it or not, the company can be recognized today through many companies London Stock Exchange– Listed Vehicles (LSE).

Major investor in SpaceX

Scottish investment manager Baillie Gifford has long been a major investor in SpaceX. It owns unlisted SpaceX shares in several of its investment funds.

These mutual funds are traded on the London Stock Exchange just like ordinary shares. This means that by investing in these trusts, investors can gain exposure to SpaceX now, long before the IPO.

Baillie Gifford’s most popular investment fund is… Scottish Mortgage (LSE: SMT). This is a growth-focused product that invests in disruptive companies (both listed and unlisted).

In this trust, SpaceX is the largest holding company. At the end of March, it represented 19.3% of the portfolio.

I suspect that the holding ratio now represents a much larger percentage of the portfolio (perhaps 25-30%). Because I don’t think Scottish Mortgage values ​​the company at $1.7 trillion to $2 trillion which is currently being discussed.

Now let’s assume it represents 25% of the portfolio. If an investor puts £10,000 into a Scottish mortgage, approximately £2,500 of that will go to SpaceX.

The other amount, amounting to 7,500 pounds sterling, will be allocated to names such as: Amazon, Taiwan semi, ASMLand Nvidia. In general, the investor will have access to a lot of high-growth companies.

It’s worth noting that SpaceX’s significant exposure increases the risks here. If space stocks decline, this trust may underperform.

I think it’s worth considering as part of a diversified portfolio though. I keep it in my own wallet.

Another great option

The second Baillie Gifford investment fund worth highlighting is… American Growth Fund (London Stock Exchange: USA). This is a smaller, growth-focused product centered around US companies (listed and unlisted).

At the end of March, SpaceX was the largest shareholder at 14.9% of the portfolio (so probably closer to 20% now). Other major owned companies include Stripe (another unlisted company), Amazon, and Nvidia. deadand Netflix.

This product is perhaps a little riskier than the Scottish Mortgage because it focuses on just one geographic market. Ultimately, it lacks the geographic diversity of the larger product.

I still think it’s worth a look though. After all, the US market has a proven track record when it comes to generating wealth for long-term investors.

We can see that in the long-term performance of this product. Since its inception, just over eight years ago, its stock price has more than tripled.