Leo Kelion
speaker
268 appearances
3 recordings
1 series
first heard Jun 2026
last heard 4 Aug
Leo Kelion’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 2.
Appearances
In 2002, Elon Musk traveled to Moscow to negotiate buying two decommissioned missiles.
Drawing on his PayPal wealth, he wanted to land a robotic greenhouse on Mars and reinvigorate interest in the red planet.
The meeting went badly.
As one biography of Musk recounts, the Russians dismissed the entrepreneur's $8 million offer, saying, young boy, no.
On the flight back, Musk checked his numbers and concluded, we can build the rocket ourselves.
And some 24 years on, Musk, his chief operating officer, Gwynne Shotwell, and some of the brightest engineers on Earth have taken that realization and rewritten the economics of getting to orbit.
And Bailey Gifford has supported them in their mission as a shareholder since 2018.
To mark SpaceX's record-setting listing and addition to the NASDAQ 100, we're dedicating this episode to the company.
I'll ask the investment manager who propelled us to take that initial stake.
What lessons he's learned and what's the latest game-changing company to catch his eye?
Welcome to Short Briefings on Long-Term Thinking.
I'm Leo Kellyan and I'm joined by Luke Ward, an investment manager on our private companies team and co-manager of the Edinburgh Worldwide Investment Trust.
Before we begin, a quick reminder.
As with any investment, your capital's at risk and your income is not guaranteed.
Luke, welcome to the show.
Thank you.
Luke, the last time that you were on the podcast was in 2025.
Huge amount has happened since then.
And I do want to get to the initial public offering, the listing of SpaceX and the future of the company.
But to begin with, let's find out why we were able to invest so early.
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