SpaceX adds longtime Elon Musk ally Roelof Botha to board

Roelof Botha, who worked with Elon Musk at PayPal in the dot-com era, is joining the SpaceX board. Since 2003, Botha has worked at venture capital firm Sequoia, which is a big investor in SpaceX. SpaceX completed a record IPO last week and has a market cap of $2.5 trillion. Less than a week after leading SpaceX through a record IPO, CEO Elon Musk has bolstered the rocket maker's board with another longtime friend and ally, Roelof Botha. In a filing on Wednesday, SpaceX said Botha will serve as an independent director and a member of the company's audit committee starting immediately. Botha becomes the eighth board member at SpaceX, where Musk serves as chairman, in addition to his roles as CEO and technology chief. Since 2003, Botha has worked at venture firm Sequoia, eventually climbing his way to managing director in 2022, before stepping down from that position last year. He's now...