This details how visionary entrepreneurs such as Musk were bringing a Silicon Valley start-up mentality to the space industry to dramatically reduce the cost of accessing ‘the final frontier’.

After reading this (and other material), I was convinced that space would become a massive market. But disruptor-in-chief SpaceX unfortunately remained a private firm.

This summer though, the rocket pioneer is expected to go public with a blockbuster IPO. So is this finally the chance to invest inside my Stocks and Shares ISA?

Rapid iteration

SpaceX has totally transformed the rocket launch market in a few ways. For a start, it builds almost everything in-house to avoid the middleman mark-up common in the aerospace supply chain. This has dramatically lowered costs and broke the decades-long monopoly held by government agencies and legacy defence contractors.

SpaceX also has a culture of ‘fail fast, learn faster’, allowing for rapid iteration. Game-changing innovations including self-landing rockets and Musk’s vision to colonise Mars attract top talent to the company. 

In 2025, the firm launched its Falcon 9 rocket 165 times, roughly one mission every 2.2 days on average! For context, emerging rival Rocket Lab carried out 21, while China succeeded with 90 orbital launches.

SpaceX reportedly generated $16bn in revenue last year, with EBITDA of $8bn. And most of its growth is being driven by Starlink, its broadband-from-space service powered by more than 10,000 active satellites.

Who’s using Starlink? Well, you name it. Airlines, cruise ships, trainlines, telecoms, military vessels, people in camper vans, remote villages, scientists in Antarctica.

A heap of hype

Now, while I’m still very bullish, I do have valuation concerns. Because SpaceX is reportedly looking to attract a $1.75trn valuation (or potentially higher).

The price-to-earnings (P/E) ratio probably isn’t the best metric to use to value this enterprise yet. But this IPO could potentially put the price-to-sales (P/S) multiple above 100.

Beyond the extreme valuation, another thing I’m not sure about is SpaceX’s recent merger with xAI. The Grok chatbot maker is losing a ton of money and I’m yet to be convinced the two are a good fit. Perhaps the IPO prospectus will change my mind.

Been benefitting SMT

Thankfully, I’ve benefitted indirectly from the rocketing SpaceX valuation through Scottish Mortgage Investment Trust (LSE:SMT). The FTSE 100 fund has a massive SpaceX stake, which has helped its stock jump 64% in the past year.

SpaceX has become a massive 19.3% holding in the Scottish Mortgage portfolio. This adds concentration risk, especially if the IPO flops.

However, for now, I’m content to get my SpaceX exposure through this UK investment trust. It also holds other private disruptive firms such as Databricks, Revolut and Anthropic. Listed holdings include Nvidia, ASML, and Amazon.

It’s worth noting that the trust has been buying back a ton of its own shares, which has helped close the previous wide discount to underlying value. While not the obvious bargain it was two years ago, I still think the stock’s worth considering today.

The post Should I load up on SpaceX inside my Stocks and Shares ISA? appeared first on The Motley Fool UK.

The thing is – UK investors don’t have to wait for the IPO to invest in SpaceX. Believe it or not, it’s possible to get exposure to the company today through several London Stock Exchange-listed (LSE) vehicles.

A major investor in SpaceX

For a long time now, Scottish investment manager Baillie Gifford has been a major investor in SpaceX. It holds unlisted SpaceX shares in several of its investment trusts.

These investment trusts trade on the LSE just like regular shares. This means that by investing in these trusts, investors can gain exposure to SpaceX now, well before the IPO.

Baillie Gifford’s most well-known investment trust 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. At the end of March, it represented 19.3% of the portfolio.

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

Let’s say for now that it represents 25% of the portfolio. If an investor was to put £10,000 into Scottish Mortgage, roughly £2,500 of that would be going into SpaceX.

The other £7,500 would be going into names such as Amazon, Taiwan Semi, ASML, and Nvidia. Overall, the investor would get access to lots of great growth companies.

It’s worth pointing out that the significant exposure to SpaceX does add risk here. If the space stock tanks, this trust could underperform.

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

Another great option

A second Baillie Gifford investment trust worth highlighting is its US Growth Trust (LSE: USA). This is a smaller growth-focused product centred on US companies (listed and unlisted).

At the end of March, SpaceX was the largest holding at 14.9% of the portfolio (so maybe closer to 20% now). Other top holdings were Stripe (another unlisted company), Amazon, Nvidia, Meta, and Netflix.

This product is perhaps a little riskier than Scottish Mortgage as it’s focused on only one geographic market. Ultimately, it lacks the geographic diversification of the larger product.

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

We can see that in this product’s long-term performance. Since its inception, a little over eight years ago, its share price has more than tripled.

The post How UK investors can get access to the $2trn SpaceX stock IPO TODAY appeared first on The Motley Fool UK.

The mechanics are simple but powerful. Parents and grandparents can pay up to £2,880 per year into a child’s SIPP — and even though the child pays no tax, the government adds 20% relief, bringing the total annual contribution to £3,600. That’s it. That’s the whole strategy.

Let’s assume that the parents, and then the child, maintain those contribution for the next 55 years. Admittedly, by the end of the period — 50-odd years from now — the contributions would actually be quite small relative to the value of money.

Time does the heavy lifting

Assuming the money is invested in global stocks returning 11% annually — broadly in line with the S&P 500‘s performance over the past 55 years — those modest contributions compound into something remarkable. After 20 years the pot sits at around £230,000. After 35 years, £1.2m. By year 55, just over £10m.

The really striking thing is how much of that growth happens at the end. The final decade alone adds more than £6m — more than the preceding 45 years combined. This is what compounding actually means in practice: the longer it runs, the faster it accelerates. The total amount paid in over 55 years is just £198,000. The rest — more than £9.9m — is pure growth.

There are caveats, of course. The money is locked away until at least age 57 under rules coming into force in 2028. Returns of 11% are not guaranteed — markets can disappoint for years at a time.

And many families simply cannot commit £2,880 per year from birth. But it’s worth playing around with the numbers. Even tiny contributions — say £20 per month — can make a huge difference over time.

Where to invest?

For long-term SIPP investors, few investment trusts make a stronger case than Scottish Mortgage Investment Trust (LSE:SMT).

Run by Baillie Gifford, the investment trust does something most retail investors cannot: access exceptional private companies before they list.

This is clear from its larger holding — SpaceX. The company is valued at £800bn on Scottish Mortgage’s balance sheet, but that figure could double if SpaceX moves forward with its listing this year — it already represents around 16% of the portfolio.

The company also provides investors with instant diversification, owing a host of household names and companies you’ve never heard of.

The philosophy is patient — positions held for years, sometimes decades, ignoring short-term noise. That comes with real risk: the trust fell more than 50% in 2022 as growth stocks re-rated sharply. What’s more, concentrated private holdings can be illiquid and hard to value accurately.

However, it’s certainly an interesting proposition, and well worth considering.

The post A SIPP opened at birth could be worth £10m in 55 years appeared first on The Motley Fool UK.

Nevertheless, there is a FTSE 100 stock that has been booming in recent years on the back of the success of Musk’s space exploration firm SpaceX. And Scottish Mortgage Investment Trust (LSE: SMT) could be about to receive another huge plus from the billionaire later this year…

Exciting stuff

So what’s the story here? Basically, Scottish Mortgage is an investment trust composed of shares in many exciting high-tech enterprises. The most interesting one, in my view, being SpaceX, which is currently unavailable on the public market. SpaceX’s success has pushed Scottish Mortgage shares up by 60% in the last year. It now makes up a fifth of the overall portfolio.

Here’s where it gets interesting. SpaceX is set to IPO later this year with a reported valuation of $1.75trn. That could make it the biggest initial public offering in history. What’s more, any increase in the share price could send Scottish Mortgage shares into orbit.

It’s worth saying at this point that while Musk is CEO and figurehead, there are over 15,000 other employees too. These are some of the best and brightest minds working on the new space age. And it’s fair to say they’re doing a pretty good job.

How good? Well, no one sends more into space when measured by payload. And that’s not compared to any other company or even any other country – that’s everyone. Here’s an even better stat: SpaxeX has sent more mass to orbit than anyone else in the entire history of space launches!

Eye-watering

What are the risks? Well, this is a nascent industry. No one is making tons of money from this kind of endeavour just yet. And much of the money that comes into the firm is from government contracts.

In 2025, SpaceX is reported to have made $8bn in earnings and $16bn in revenues. Comparing those figures to the potential $1.75trn valuation, we get a price-to-earnings ratio of 218 and a price-to-sales ratio of 109. Those are eye-watering figures that would be practically uninvestable in a more mature business.

Likewise, investing in Scottish Mortgage is not just about one company. The firm invests in other exciting companies such as Ferrari, Amazon, and TikTok-owner ByteDance. SpaceX could have an all-timer of an IPO this year and Scottish Mortgage could still struggle if the rest of its portfolio does.

Overall? I’d not like my entire portfolio to invest in high-risk growth companies like SpaceX, but I think they’re certainly worth mulling over for a small part of a balanced portfolio. For that reason, I think Scottish Mortgage shares are worth considering.

The post Is Elon Musk about to send this FTSE 100 stock into orbit? appeared first on The Motley Fool UK.

The 2026 ISA season has been especially hectic. The reason? Following stock market volatility, some top stocks are trading at decade-low prices, providing excellent dip buying opportunities.

So what have Stocks and Shares ISA users been buying in recent days and weeks? Let’s take a look.

Funds in demand

Data from Hargreaves Lansdown provides a great snapshot of investor behaviour. With more than 2m clients, it’s an accurate bellwether of how Britain on the whole has been investing.

So what’s been in high demand on its trading platform? According to Hargreaves’ lead investment analyst Kate Marshall, ISA investors “favoured global equity tracker funds and US-focused investments in the final days of the tax year“.

More specifically, the company said it witnessed “strong demand for low-cost, diversified funds, alongside allocations to areas including technology and precious metals” between 30 March and 3 April.

Hargreaves said index funds with globally-diverse strategies were especially popular, with Fidelity Index World and Vanguard FTSE Global All Cap Index topping the list. US shares were also a popular choice through funds like the Legal & General US Index.

Top trust

Elsewhere, Hargreaves Lansdown said it enjoyed strong demand for investment trusts and exchange-traded funds (ETFs). It noted that Scottish Mortgage Investment Trust (LSE:SMT) “was the most bought, reflecting continued appetite for long-term growth strategies“.

Hargreaves added that technology was a popular theme that also boosted interest in Polar Capital Technology Trust.

Reflecting strong investor demand, Scottish Mortgage shares have leapt 20.6% in value over the last month. Yet, at £13.77, the trust still trades at a slight discount to its net asset value (NAV) per share (-3.1%). It’s an attractive trust to consider to capitalise on the booming digital economy.

There is some risk here, as a focus on tech stocks like Amazon, Nvidia, and SpaceX leaves it exposed to cyclical downturns. With the Iran war threatening to escalate again and worsen current economic challenges, the danger is especially acute right now.

But as Hargreaves notes, Scottish Mortgage remains popular for long-term investors. I’m not surprised: over the coming decades, the trust could deliver terrific returns as themes like artificial intelligence (AI), cybersecurity, e-commerce, and robotics take off.

What else are ISA investors buying?

On the ETF front, funds focused on US and global equities were again popular among Hargreaves clients. The Vanguard S&P 500 ETF and Vanguard FTSE All-World ETF were the most bought-ETFs between 30 March and 3 April.

I love the idea of holding ETFs and trusts as a way to diversify one’s portfolio. It’s why I own several myself, along with a mix of individually selected stocks. It’s a strategy I’m confident will help me generate long-term wealth.

The post Want to know what UK investors have been buying in their ISAs? appeared first on The Motley Fool UK.

Keen to join the ISA millionaire club? Here’s how long it might take.

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.

An achievable goal

Becoming an ISA millionaire is a very achievable goal. Realistically, though, it’s going to take awhile to achieve.

Exactly how long it will take will depend on a few things. The main factors are:

• How much you contribute to your ISA every year (the more you contribute the sooner you could get there)
• Your investment returns (the higher your returns the sooner you could get there)
• Your account fees (the lower your fees the sooner you could get there)

Crunching the numbers

As an example, let’s say that you contribute £10,000 per year to a Stocks and Shares ISA and you generate a return of 7% after fees (very achievable) per year over the long run. In this scenario, it would take about 30 years.

Now let’s say you contributed the full £20,000 allowance and achieved 7% per year. In this scenario, it would take about 22 years to get there.

How to aim for 7% per year

In terms of how an investor could try to achieve a 7% return per year, a solid option would be a diversified portfolio of shares and/or funds. Over the long run, shares tend to return around 7%-10% per year.

The diversification aspect (owning lots of different shares) is important here. The key to achieving high returns over the long term is minimising big portfolio losses – which diversification can help do.

Targeting higher returns

It’s worth noting that it could be possible to achieve significantly higher returns and achieve ISA millionaire status sooner. With individual shares and niche funds, returns of 12%, 15%, 20%, or even higher are possible.

One stock that I think could be capable of providing outsized returns over the next decade is Scottish Mortgage Investment Trust (LSE: SMT). This is a fund that provides exposure to a broad range of growth companies (both listed and unlisted).

Names in the portfolio today include the likes of Amazon, SpaceX, ASML, and Taiwan Semiconductor. The goal of the portfolio managers is to capitalise on big themes such as AI, healthcare innovation, and the digitalisation of finance.

This product has a great long-term performance track record. Over the 10-year period to the end of February, for example, its share price rose 426% (that equates to an annualised return of about 18%).

That said, returns haven’t been linear. There have been times where this trust’s share price has fallen significantly (eg, when interest rates rose in 2022) so investors have had to put up with a lot of volatility.

I think it’s worth considering as part of a diversified portfolio, given its exceptional track record. If it continues to perform well, it could play a role in helping an investor achieve ISA millionaire status.

The post How long might it take to become an ISA millionaire? appeared first on The Motley Fool UK.

1. The best time was 20 years ago, the second best is today

The most powerful force in long-term investing isn’t stock picking — it’s time. Compound growth multiplies wealth. An investor who starts at 25 adding £500 a month will retire with roughly three times more than someone who starts at 35 with the same contribution. Same money. A decade’s head start.

2. Contribute regularly

When markets fall, your monthly contribution buys more shares. However, when they recover — and historically they always have — those cheaper shares deliver bigger returns. Investors should consider setting up a direct debit the day after payday. Make it automatic. Remove the temptation to pause.

3. Utilise the ISA limit, if possible

Every pound invested inside an ISA is sheltered from income tax and capital gains tax — forever. Unused allowance disappears at the end of each tax year and can never be reclaimed. At £1,000 a month, an 8% annualised return reaches £1m in around 28 years. Every extra contribution shortens that timeline.

4. Well-chosen stocks outperform cash

Cash ISAs are safe and reliably lag inflation. Equities are the only asset class with a strong long-term record of building serious wealth. What’s more, over half of my investments have at least doubled in value over the past three years. Celestica and AppLovin delivered 1,000%.

5. Reinvest every penny

Reinvested dividends compound alongside your capital. Over decades, they can account for more than half of total returns. Most brokers offer automatic reinvestment. Turn it on and leave it alone.

None of this requires genius or a large salary. Just patience, consistency, and a start.

Where to invest?

The above is great, but it’s largely theoretical. Investors need to know where to put their money, and this can be where many trip up.

Novice investors are typically guided to build some diversification. This could mean committing to buying a well-researched stock or two each month. Or a good starting point could be buying shares in a diversified asset like Scottish Mortgage Investment Trust (LSE:SMT).

The investment trust is managed by Baillie Gifford and holds stakes in dozens of companies spanning both public and private markets. Its portfolio is deliberately concentrated in high-conviction, long-term growth businesses — from established giants such as Nvidia and Amazon to unlisted innovators in biotech, space, and clean energy.

For new investors, this offers genuine global diversification through a single purchase. Rather than picking individual winners, buyers gain exposure to a curated basket of companies that Baillie Gifford believes can grow substantially over a decade or more.

That said, Scottish Mortgage isn’t a quiet, steady compounder. Its share price fell around 45% between late 2021 and 2022 as rising interest rates punished growth stocks hard — a reminder that its concentrated bets on early-stage and private companies can produce steep, swift drawdowns. It has since recovered meaningfully, but volatility comes with the territory.

Currently, it’s heavily exposed to SpaceX — that’s something I quite like. For investors comfortable with that risk profile, it’s well worth considering.

The post 5 steps towards a Stocks & Shares ISA worth £1m appeared first on The Motley Fool UK.

That said, 35 days is the equivalent of a blink of an eye for this FTSE 100 growth trust. Instead, it asks shareholders to measure its returns over a decade or more. So, how has Scottish Mortgage done over this time period?

The annualised 10-year total return is just over 17%, which beats both the FTSE 100 (9.5%) and S&P 500 (14.8%).

The SpaceX factor

The reason for Scottish Mortgage’s resilience lately appears to be down to SpaceX, its largest portfolio holding. According to Bloomberg News, an IPO this summer could value Elon Musk’s rocket company at more than $2trn.

If that happens, it would top the mega-IPO of Aramco, Saudi Arabia’s state oil company, in 2019. Even if it’s a ‘meagre’ $1trn, it would still be a major coup for Scottish Mortgage, which first invested in SpaceX in 2018 when it was a wee nipper (relatively speaking) at $31bn.

Indeed, the FTSE 100 trust is struggling to keep up with the valuation adjustments. Back in November, total assets made up by SpaceX stood at 8.2%. Then in December it upped that to 15.3%.

Now? SpaceX represents a whopping 19.3% of the portfolio! The stake is worth roughly £2.9bn.

Incredible vision

Scottish Mortgage is always vulnerable to a sell-off in growth stocks, which higher interest rates could spark later this year.

Also, there’s a lot of concentration risk with SpaceX, especially if the trust doesn’t crystallise gains around the IPO. SpaceX also looks extremely highly valued.

However, even if some SpaceX profits are realised, it will still probably remain a large holding. That’s because manager Tom Slater has highlighted various things that could make it even more valuable in future.

• Starship, the largest rocket ever built, could dramatically lower the cost of accessing orbit, furthering SpaceX’s dominance.
• Starlink now has over 10m customers, but its satellite-to-mobile service will be accessible to over 1.7bn people in future.
• Space tourism.
• Space-based data centres could see the firm become “the monopolistic provider of AI to the world”.

One day, space-based data centres could help solve the AI power constraints experienced on Earth. Slater has noted that SpaceX has ambitions to deploy energy generation in space on a scale comparable to “the entire electricity grid in America every two years.”

Given this level of powerful vision, I expect SpaceX to remain a core Scottish Mortgage holding for years to come.

IPOs galore?

Another benefit of SpaceX going public would be a significant reduction in Scottish Mortgage’s exposure to private assets. That’s especially as China’s ByteDance — the trust’s third-largest holding — may also IPO at some point now that the US TikTok drama is over.

Elsewhere in the portfolio, fintechs Revolut and Stripe, AI disruptor Anthropic, and Databricks have all been linked with IPOs in late 2026 or 2027. Scottish Mortgage currently has stakes in six of the world’s 10 most valuable private companies.

Despite rising 35% over the past year, the trust still trades at a 4.3% discount to net asset value. As such, I think long-term investors should consider including its shares in a diversified portfolio.

The post £10,000 invested in Scottish Mortgage shares 5 weeks ago is now worth… appeared first on The Motley Fool UK.

The valuation is also far above the company’s current $800bn valuation, suggesting a potential 119% windfall if the IPO is successful.

Why SpaceX matters

SpaceX has recently partnered with NASA to help progress its Artemis programme, focused on putting astronauts back on the Moon. Initial launches have already occured, with NASA awarding SpaceX major work on the wider lunar mission architecture. This underlines how embedded the company has become in future space exploration.

For Scottish Mortgage investors, the key question is simple: if SpaceX does float, could the trust be sitting on one of the biggest value-creation events in its history?

On paper, the answer is yes. A successful listing at a much higher valuation could give the trust a meaningful boost, especially because SpaceX is already such a large part of the portfolio.

But before we get ahead of ourselves, let’s take a closer look at the trust.

What Scottish Mortgage does

Despite the name, Scottish Mortgage has nothing to do with property or home loans. It’s a long-term growth trust focused on disruptive innovation, emerging technology, and private companies with big future potential. It aims to back businesses early and hold them for years, not trade in and out of them.

That approach has built a very broad portfolio. Alongside SpaceX, the trust holds global names such as TSMC, Ferrari, ByteDance, Meituan and PDD Holdings. That gives it exposure across sectors and regions, from semiconductors and luxury cars to Chinese consumer platforms and private tech.

The numbers

Scottish Mortgage’s latest half-year results were impressive, with revenue of £2.68bn, net income of £2.66bn, and net debt of £1.52bn. Plus, it has a low price-to-earnings (P/E) ratio of just 3.87. That said, trust valuations can look unusual because they are heavily influenced by investment gains and private holdings rather than steady trading profits.

The more important point is performance. In the six months to 30 September 2025, net asset value (NAV) per share rose 22.9%, ahead of the FTSE All-World Index. Over 10 years, the shares are up 413%, equating to annualised returns of 17.76%.

So even without the potential SpaceX boon, it seems to be on to a good thing.

But prior perfromance is no guarantee of future results, and this is still a high-volatility trust. Even with global diversification, it remains heavily exposed to US tech. That means it can rise quickly in strong markets, but fall just as fast when sentiment turns.

Higher rates, trade tensions, geopolitical risk, and sharp moves in big growth stocks can all hit returns.

The bottom line

If SpaceX lists successfully and investors like the valuation, Scottish Mortgage could enjoy a powerful rally this year. As a shareholder, I’m monitoring the situation closely – if things go as planned, I’ll enthusiastically top up my position through the year.

For those seeking moderate tech exposure with less direct risk, I think it’s an exciting stock that’s worth considering. Just bear in mind, this is not your usual smooth-sailing investment trust.

Sounds risky? I’ve recently covered a number of top-quality defensive shares that can help smooth out volatility.

The post Scottish Mortgage shares surge on Musk’s groundbreaking SpaceX revelation! appeared first on The Motley Fool UK.

SpaceX bulls

The investment trust, which is run by Baillie Gifford, holds SpaceX as its largest single position, currently around 15%–16% of a total portfolio of roughly £15.2bn.

That stake is based on Scottish Mortgage’s December valuation, when a secondary share sale pegged SpaceX’s value at $800bn — already one of the most valuable companies in the world.

Since then, the trust’s listed holdings — TSMC, ASML, Nvidia and others — have been battered by the Iran war and market sell-off. Meanwhile the SpaceX position is largely unchanged at that December price. In reality, the SpaceX weighting has probably drifted higher.

The IPO could make a huge difference

SpaceX is roughly three times larger than Scottish Mortgage’s second-largest holding. This creates concentration risk, but clearly, the investment trust, has lots of conviction in SpaceX. As do I — in fact I believe it could be the largest company in the world in 2035.

Elon Musk has confirmed SpaceX is targeting an IPO, reportedly aiming for a valuation of $1.75trn. That’s more than double where it was marked in December.

Crude maths: Scottish Mortgage’s SpaceX stake is worth roughly £2.3bn today. At the IPO valuation, that climbs to around £5bn. On its own, that single re-rating would push net asset value (NAV) per share to somewhere around 1,455p. The trust trades at a discount to NAV, and has done for a while. But if the NAV were to rise 18%, then the share price would likely follow.

SpaceX’s momentum

There’s genuine momentum behind SpaceX right now. NASA’s Artemis II — the first crewed lunar flyby in over 50 years — launched this week, with SpaceX hardware central to the broader programme.

The agency has also expanded SpaceX’s role in future lunar missions, with Starship earmarked as a key component of the Artemis architecture through to at least Artemis V.

Meanwhile, Starlink — which uses satellites to provide internet to everyone from the Ukrainian military to ordinary Britons — generated over $8bn in profit in 2025. Revenue is growing by north of 50% a year.

The bottom line

None of this is a sure thing. Musk rarely sticks to timelines, IPOs can be delayed or mispriced, and private-to-public transitions almost never go smoothly.

What’s more, Scottish Mortgage isn’t low-risk even though it’s a diversified operation. The trust uses gearing — borrowing to invest — which amplifies losses as well as gains. Moreover, its private holdings, which make up a significant portion of the portfolio, are inherently illiquid and difficult to value accurately.

Still, with the shares trading below NAV and a potential IPO catalyst on the horizon, the maths of reaching £15 this year is achievable. I think it’s worth considering.

The post Could the Scottish Mortgage share price hit £15 this year? appeared first on The Motley Fool UK.