SpaceX
SpaceX is a pioneering American aerospace, satellite communications, and artificial intelligence company that designs, manufactures, and launches advanced rockets and spacecraft.
RIT first invested in SpaceX in 2024, as a result of CEO Maggie Fanari’s longstanding engagement with the company’s management team. We steadily increased our stake in the company during 2025.
SpaceX acquired xAI in February 2026, creating a vertically integrated AI and infrastructure business with a long-term vision of building orbital data centres.
In June 2026, the company completed the largest IPO in history and now trades on the Nasdaq under the ticker symbol ‘SPCX’.
- Pillar
- Quoted Equities
- Theme
- AI & advanced technologies
- Status
- Current Investment
- Geography
- USA
- Invested date
- November 2024
Why we invest
Our investment in SpaceX aligns with one of RIT’s investment themes, technology diffusion, in which innovative technologies transform industries beyond the technology sector.
RIT’s investment is aligned with our strategy of backing what we believe are category-leading businesses that are well-positioned for long-term growth.
1Source: SpaceX website.
