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Search Investment Week
SpaceX is its largest position
The Missing Lever
Portfolio update Q2 2025
SpaceX to hit $400bn valuation
NAV rises 11.2%
At its peak was 12% of SMT’s allocation
18% share of the world economy
Comments on Tesla and SpaceX holdings
Stake worth at least £837m
Investors should focus less on economic trajectory
09 October 2025
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2 min read
