About SpaceX

SpaceX is a U.S.-based aerospace company developing launch systems, satellite infrastructure, and space-enabled services. Its work spans orbital launch, satellite constellations, and space transportation systems with long development cycles and high capital intensity.

Why we invested

We invested in SpaceX because we believe space infrastructure will play an increasingly important role in communications, navigation, and global connectivity over the coming decades. SpaceX has demonstrated an ability to execute at scale in an industry where execution risk is unusually high.

We value SpaceX’s track record of executing at scale in a highly capital-intensive industry, where execution risk is unusually high.