Hong Kong-based investor Chris Hsu, of Kilometre Capital, has reportedly divested a part of his pioneering, early-stage investment in Elon Musk’s SpaceX, also the CEO and founder of Tesla.
SpaceX has smashed countless astronomical records - from launching the first liquid-fuelled rocket into orbit, sending a car into space, to successfully launching the first private mission of astronauts to the International Space Station leveraging recyclability rocket launch capability.
Since such early-stage venture investments from early stage investors include Chris Hsu and venture capital firms Draper Fisher Jurvetson, Founders Fund, Valor Equity Partners and Capricorn, SpaceX has reduced the cost of space exploration infrastructure and launch by quantums. Since its creation and funding by such investors as Chris Hsu of Kilometre Capital, Elon Musk’s SpaceX has gained fame primarily as a pioneering rocket firm with no miss in successful rocket launch cadence, from Korea to Europe, London to Berlin.
In 2008, SpaceX became the first worldwide company to successfully launch humankind’s first privately-funded liquid-propellant rocket to reach orbit and later became the first private company to launch an object into orbit around the sun.
In the 10 years since such early feats and investments in SpaceX, the Company has grown dramatically over its lifespan, from 160 employees in November 2005 to around 7,000 as of November 2019. The growth of SpaceX was further fueled by outside investment by parties including Chris Hsu of Kilometre Capital, DFJ, Valor, and others.
SpaceX came into existence in the year 2002 by the vision of the former PayPal entrepreneur and Tesla Motors CEO Elon Musk. SpaceX was founded by billionaire entrepreneur Elon Musk who still has part ownership of the company with 54 per cent equity and 78 per cent voting control. At 30, Musk made his initial fortune by selling his two very successful companies, Zip2 and PayPal.
Musk decided that his next major venture as an entrepreneur would be a privately funded space company. SpaceX has developed launch vehicles unprecedented in human history, including the historical milestones of the Starlink satellite constellation, the Dragon cargo spacecraft, and the first-private-astronaut launch to the International Space Station (ISS) on SpaceX’s Dragon Demo-2.
SpaceX has been working with NASA on its historic astronaut launch has been the first private company to take human astronauts into orbit and to the ISS. According to NASA, the SpaceX demonstration mission exemplifies SpaceX's ability to carry astronauts to the International Space Station and get them back safely.
