The SpaceX Shareholder at the Helm of a Multibillion-Dollar Payout
The New York Times • • business
Key Points:
- SpaceX is set to begin trading in the largest public offering ever, creating significant wealth for Elon Musk’s close associates and investors.
- Justin Fishner-Wolfson, a longtime minor figure in Musk’s circle, has quietly built a substantial stake in SpaceX through his investment firm, 137 Ventures, owning over 1% of the company valued at approximately $20 billion.
- Fishner-Wolfson has spent 15 years acquiring SpaceX shares, including buying directly from employees, and has never sold any shares despite potential profits.
- Other early SpaceX investors include notable Silicon Valley figures and associates of Musk, some with unique personal ties to him, highlighting the close-knit nature of the company’s early financial backers.