If Elon Musk’s space company SpaceX makes an initial public offering this year, I imagine there will be many British investors interested in buying shares. Musk has taken long-term action Tesla investors a lot of money and there’s a chance he could do the same thing again.

The point is that British investors don’t have to wait for an IPO to invest in SpaceX. Believe it or not, today you can contact a company through several channels London Stock Exchange– vehicles on the list (LSE).

Main investor in SpaceX

For a long time, the main investor in SpaceX has been Scottish investment manager Baillie Gifford. It holds unlisted SpaceX shares in several of its investment funds.

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

The most famed investment fund is Baillie Gifford Scottish mortgage loan (LSE: SMT). It is a growth-oriented product investing in breakthrough companies (both listed and unlisted).

The largest holding in this fund is SpaceX. At the end of March, it accounted for 19.3% of the portfolio.

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

Let’s assume for now that it makes up 25% of the portfolio. If an investor puts £10,000 into Scottish Mortgage, around £2,500 will go to SpaceX.

The remaining £7,500 will go to names such as Amazon, Taiwan Seeds, ASMLAND Nvidia. Overall, the investor will gain access to many great growth companies.

It’s worth noting that significant exposure to SpaceX actually increases risk. If space supplies fill up, this trust could underperform.

However, I think it’s worth considering as part of a diversified portfolio. I keep it in my portfolio.

Another great option

The second Baillie Gifford mutual fund worth paying attention to is his American Development Fund (LSE: USA). It is a smaller, growth-oriented product that brings together American companies (listed and unlisted).

At the end of March, the largest shareholder was SpaceX with 14.9% of the portfolio (so maybe closer to 20% now). Other major holding companies include Stripe (another unlisted company), Amazon, Nvidia, MetaAND Netflix.

This product is perhaps slightly riskier than Scottish Mortgage because it focuses on only one geographic market. Ultimately, it lacks the geographic diversification of a larger product.

Despite this, I still think it’s worth watching. After all, the US market has a great track record of generating wealth for long-term investors.

We see this in the long-term performance of this product. Since its inception just over eight years ago, the company’s share price has more than tripled.