# Scottish Mortgage Investment Trust stands by its $1.25 trillion valuation of SpaceX.

*business · news · 2026-05-13 · Devdiscourse*

## Key points

- Scottish Mortgage Investment Trust values SpaceX at $1.25 trillion, below Musk's $1.75 trillion target.
- Swatch shareholders blocked activist investor Steven Wood's attempt to join the board.
- Delivery Hero CEO Niklas Oestberg resigned following shareholder calls for a strategic review.
- EQT has made a final £10.6 billion acquisition offer for Intertek, prompting critical shareholder evaluation.

**Companies:** SpaceX, Scottish Mortgage Investment Trust, Delivery Hero, Intertek
**Countries:** United States, United Kingdom

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/technology/3906016-high-stakes-moves-and-power-struggles-in-global-business)

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