A long-term Elon Musk backer is cashing out of Tesla — and cutting its SpaceX exposure

Headline from CNBC · First reported Nov 6, 8:51 AM ET (10h ago) · Updated Nov 6, 4:45 PM ET · 2 sources, 2 articles

Elon Musk

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What's being reported

Scottish Mortgage Investment Trust has cut its SpaceX holding to 11.1% of assets and sold its remaining Tesla stake.

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Scottish Mortgage Investment Trust has cut its SpaceX holding to 11.1% of assets and sold its remaining Tesla stake.

The rocket and satellite-internet company is looking to challenge telecom giants.