In a recent 13F filing from August 6, 2026, Baillie Gifford revealed a significant holding in Space Exploration Technologies Corp (SPCX), valued at $8.78 billion as of June 30, 2026. This disclosure, which reflects positions held at the end of the second quarter, reported a new position of 51.40 million shares. It is important to remember that 13F filings are delayed, and do not represent trading activity on the day of the filing.
While the filing categorizes this as a new position, Baillie Gifford has a well-documented history as a long-term investor in SpaceX, with initial investments dating back to 2018. The firm's investment philosophy focuses on backing innovative, high-growth companies over extended periods. The disclosed stake aligns with their strategy of holding significant positions in companies they believe will be long-term market leaders.