Elon Musk’s quietest investor has built a $40B SpaceX stake
Vy Capital, a Dubai firm with a core investment team of four, holds about 3.4% of SpaceX worth roughly $40B, making it the fifth-largest shareholder and larger than Sequoia or Andreessen Horowitz. Europe’s sovereign alternative to Starlink costs EUR 15.6B and will not enter service until 2030.
Vy Capital holds about 3.4% of SpaceX, worth roughly $40B, which makes it the company’s fifth-largest shareholder, the Financial Times reported. That is more than the disclosed stakes of Sequoia Capital or Andreessen Horowitz.
The firm has dozens of staff and a core investment team of four. It is based in Dubai and run by Alexander Tamas. It has also put money into the Boring Company and Neuralink, and into the financing of Musk’s Twitter purchase.
It first invested in 2016, when SpaceX was valued at about $15B. The company listed on Nasdaq in June at roughly $1.77T, with Musk keeping the...
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