TL;DRSpaceX has appointed Roelof Botha, former Sequoia Capital steward and ex-PayPal CFO, to its board as an independent director. The move comes days after SpaceX’s record $75 billion IPO and deepens the company’s reliance on Musk’s longtime allies for governance.
SpaceX has appointed Roelof Botha, the former steward of Sequoia Capital, to its board of directors. The appointment, disclosed in an 8-K filing on 17 June, comes less than a week after the company’s record-breaking $75 billion IPO.
Botha will serve as an independent director and join SpaceX’s audit committee immediately. He fills an existing vacancy on the board, which is chaired by Elon Musk.
The PayPal reunion
Botha and Musk go back more than 25 years. Both South African-born, they first worked together when Botha served as chief financial officer at PayPal, where Musk was a co-founder.
