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SpaceX

Active

Launch provider and satellite operator building reusable rockets and the Starlink broadband constellation.

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Why we invested

Hard engineering with a structural cost advantage. The rarest kind of moat, and the hardest to copy.

Our position in SpaceX was taken either directly or through a third-party syndicate. We do not hold a board seat. We charge no management fee and take 25% only once a realised exit occurs.