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SpaceX adds longtime Elon Musk ally Roelof Botha to board
Roelof Botha, who worked with Elon Musk at PayPal in the dot-com era before becoming a prominent venture capitalist, is joining the SpaceX board.
TL;DR
- Roelof Botha has joined the SpaceX board as an independent director and member of the audit committee.
- Botha previously worked with Elon Musk at PayPal and is from South Africa.
- Sequoia, where Botha was managing director, has been a major investor in SpaceX and other Musk companies.
- Botha's appointment comes less than a week after SpaceX's record IPO.
- Musk controls over 82% of voting rights at SpaceX.
- Botha stepped down from his oversight role at Sequoia last year amid controversy regarding his management style and defense of controversial remarks by a Sequoia partner.