SpaceX · Elon Musk · CNBC Technology
SpaceX introduces longtime Elon Musk ally Roelof Botha to board
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◎ Multiple-sources
Less than a week after leading SpaceX through a record IPO, CEO Elon Musk has bolstered the rocket maker's board with another longtime friend and ally, Roelof Botha.
Key facts
- The firm first invested in SpaceX in 2019 and added to its position in future rounds, building up what now amounts to a stake of under 1.5% valued at roughly $35 billion
- Musk controls more than 82% of voting rights at SpaceX and owns shares in the company worth over $1 trillion
- Less than a week after leading SpaceX through a record IPO, CEO Elon Musk has bolstered the rocket maker's board with another longtime friend and ally, Roelof Botha
- Musk recruited Botha to PayPal in 2000 during the early days of the online payment company
Summary
SpaceX said Botha will serve as an independent director and a member of the company's audit committee starting immediately. He's now an adviser to the firm and is listed on its website as part of the seed and early-stage team as well as the growth team. Musk recruited Botha to PayPal in 2000 during the early days of the online payment company. Sequoia has been a big backer of Musk's companies, investing in SpaceX as well as Neuralink and The Boring Company.