Demonstration entry — illustrative company profile, not an actual holding
Portfolio company
SpaceX
Building a multi-planet future.
Developing the world's most advanced launch vehicles, satellite infrastructure and space technologies, with the potential to transform global connectivity, transportation and human presence beyond Earth.
- Investment stage
- Growth
- Sector
- Aerospace
- Initial investment
- 2021
- Status
- Active
- Headquarters
- Hawthorne, United States
Infrastructure for a multi-planet future.
Developing the world's most advanced launch vehicles, satellite infrastructure and space technologies, with the potential to transform global connectivity, transportation and human presence beyond Earth.
Leadership
Proven execution and a rapidly advancing roadmap.
Global markets
Enormous addressable markets across multiple sectors.
Defensible position
Technological, scale and operational advantages.
Long-term upside
Multiple potential value drivers beyond current markets.
Launch systems
Ground infrastructure
Beyond Earth
- $180B
- Latest valuation (est.)
- $100B+
- Revenue potential (long term)
- 100M+
- Potential users
- Leading
- Market position
Illustrative figures — public disclosure only
- Core market
- Adjacent
- New categories
- 01Expansion of Starlink global coverage
- 02Increased launch cadence and lower costs
- 03Starship commercialisation
- 04Government and defence contracts
- 05Long-term opportunities (lunar, Mars, in-space manufacturing)
- 2021
Rapid Starlink expansion
- 2022
Next-generation launch systems
- 2023
Major launch milestones
- 2024
High-cadence flight testing
- 2025
Next phase of commercialisation
25 SEP 2026
Flight test completes key objectives
Demonstration milestones achieved across the vehicle programme.
12 SEP 2026
Constellation reaches new subscriber scale
Continued global expansion across new markets.
01 SEP 2026
New launch facility progresses
Additional launch capacity to support growing demand.