The Bad Place
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bing news | Roelof Botha joins SpaceX's board of directors
AI generated summary, Read the full article for complete information.
Former Sequoia Capital managing partner Roelof Botha has been appointed to SpaceX’s board of directors, filling a vacancy announced in an SEC filing shortly after the company’s record‑size IPO. Botha, who brings extensive public‑company and audit‑committee experience and has known Elon Musk for more than 25 years from their time together at PayPal, will also serve on the board’s audit committee. His addition brings the board to nine members, joining Musk’s close confidants and executives, while a family member of Botha has been employed at SpaceX since January 2025.
Read more: https://techcrunch.com/2026/06/17/roelof-botha-joins-spacexs-board-of-directors/
#RoelofBotha #SpaceX #SequoiaCapital #ElonMusk #PayPal #RoelBotha #IraEhrenpreis #AntonioGracias #SteveJurvetson #LukeNosek #GwynneShotwell #DonaldHarrison #RandyGlein
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The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI. Always read the full article for the original content. Contact the bot Maintainer for suggestions and feedback.
mastodon.ozioso.online
Observer | The SpaceX Insiders Set to Make Billions in Its Blockbuster IPO by Sissi Cao
AI generated summary, Read the full article for complete information.
SpaceX’s long‑awaited IPO filing reveals a projected $2 trillion valuation that would make Elon Musk the world’s first trillionaire and could turn key insiders—COO Gwynne Shotwell (12.6 million shares, worth ~ $3 billion), CFO Bret Johnsen (9.6 million shares, ~ $1.4 billion), and early board members such as Luke Nosek, Antonio Gracias, Steve Jurvetson and others—into multibillionaires. The company posted a $4.9 billion loss last year and a $4.3 billion loss in the first quarter of 2026 despite 33 % revenue growth, with capital spending soaring to $20.7 billion in 2025, 60 % of which went to AI initiatives. SpaceX aims to list on Nasdaq as “SPCX” in June, positioning itself at the heart of the AI infrastructure race and raising questions about whether public investors will tolerate its aggressive loss‑making strategy.
Read more: https://observer.com/2026/05/spacex-ipo-billionaire-execs-investors/
#ElonMusk #SpaceX #GwynneShotwell #Nasdaq #ipos #BretJohnsen #LukeNosek #AntonioGracias #SteveJurvetson #DonaldHarrison #IraEhrenpreis #RandyGlein
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