SpaceX rolls out longtime Elon Musk ally Roelof Botha to board
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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.