# Business secretary Peter Kyle: how to produce a British SpaceX

Page: https://stenobird.com/podcast/the-business-969727/business-secretary-peter-kyle-how-to-produce-a-british-spacex
Text version: https://stenobird.com/podcast/the-business-969727/business-secretary-peter-kyle-how-to-produce-a-british-spacex.md
Podcast: [The Business](https://stenobird.com/podcast/the-business-969727)
Published: 2026-06-11T16:21:35+00:00
Episode link: https://shows.acast.com/thepivot/episodes/business-secretary-peter-kyle-makes-his-case
Audio file: https://sphinx.acast.com/p/acast/s/thepivot/e/6a2ab11d438158000be00b84/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-business-969727/episodes/business-secretary-peter-kyle-how-to-produce-a-british-spacex
Duration seconds: 2017

## Resource

Labour's Secretary of State for Business, Peter Kyle, joins us in the studio to answer some of the most pressing questions facing the UK economy: how does Britain position itself as a legitimate global destination for business, investment, and innovation?  “We have the potential to scale fast, but too often companies are leaving this country when they get to a need for a certain size of investment,” Kyle says on the show. “They're going to go and find that in America with a higher risk threshold, and they're gonna find a boldness and an urgency of getting capital into businesses. We have to have an environment here where that is met.”  While Labour may be keen to call itself a pro-growth government, there is no secret that the business community - from the small enterprises to the top chief executives - are deeply unimpressed. We ask how the government's relationship with the business community really going? "There is a fundamental issue at the heart of this whole debate, and that's that until we get solid, sustained, sizeable growth into our economy ... Then no business as a sector is going to be able to move forward at the pace at which I would like." And as the world's most valuable tech giants continue their march toward the public markets, the IPO pipeline is overwhelmingly American. SpaceX, Anthropic, OpenAI - the names generating the most excitement among investors are filing to list in New York. The NASDAQ continues to offer valuations that the London Stock Exchange simply cannot match. " "I hope that the plus side for Britain when it comes to these big American IPOs is that it will create a sense of excitement about IPO' ing itself because, of course, most of the trend in recent years has gone from private investment into private companies," he says…

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## Transcript

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