According to Bloomberg on June 18, SpaceX announced that Botha would serve as an independent director, separate from the company's management. He will immediately join the board and participate in the audit committee, which oversees accounting and internal controls.
Botha previously worked as the Chief Financial Officer at PayPal, where Musk served as CEO over 20 years ago. He has been with Sequoia Capital since 2003.
Sequoia first invested in SpaceX at the end of 2019 and is reported to hold approximately 1.5% of the company's shares. This appointment expands the company's governance relationship with key financial investors following the IPO.
Last week, SpaceX set a record for the largest IPO in history, raising $75 billion. Following the listing, the value of shares held by Musk and early investors has significantly increased.
* This article has been translated by AI.
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