t
The Schiehallion Fund Limited announced an upwards adjustment to the valuation of its Space Exploration Technologies Corporation (SpaceX) holding, following a trigger event advised by its Manager. This resulted in the Company's Net Asset Value standing at 171.72 cents and the proportion of total assets made up by SpaceX increasing to 14.0% as at close of business on 15 December 2025, from 7.5% on 30 November 2025.
| Date | 16 Dec 2025 |
| Time | 12:32:00 |
| Category | Corporate updates |
| ID | 7967L |
The Schiehallion Fund Limited
("The Company")
Legal Entity Identifier: 213800NQOLJA1JCWXQ56
Update on Net Asset Value and adjustment to the valuation of Space Exploration Technologies Corporation ('SpaceX')
Today, the Board has been advised by the Manager of a trigger event that requires an upwards adjustment in the valuation of the Company's holding in SpaceX in line with its policy for valuing private company investments. This has been reflected in the Net Asset Value of the Company which as at close of business on 15 December 2025 stands at 171.72 cents.
Following that adjustment in valuation the proportion of the Company's total assets made up by SpaceX stands at 14.0% at close of business on 15 December 2025, compared with 7.5% on 30 November 2025.
Baillie Gifford & Co Limited
16 December 2025
Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.