Roelof Botha joined SpaceX’s board as an independent director on June 16, 2026, without first obtaining approval from Sequoia Capital’s partners. The former leader, who fully left the firm in July 2026, took the seat four days after SpaceX’s record initial public offering on June 12, 2026. Sequoia holds about 1.5% of the company in a stake valued at roughly $20 billion, and the overlapping board roles could complicate the sale of that position. Meanwhile, the firm is closing its London office, merging its early-stage and growth teams, and ending the Scouts and Arc programs in a restructuring portrayed as a retreat from the Botha era.
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