SpaceX backs 137 Ventures raises $700M in two rounds of funding

VC firm 137 Ventures he announced on Thursday that it has raised more than $700 million in two new venture capital funds to support startups “with significant market potential.”

In the past year, the company, which was founded by former Investors Fund Justin Fishner-Wolfson, said it has invested more than one billion in companies that build defense, AI, and industrial. His portfolio includes AI company Cognition, AI powerhouse Hadrian Automation, and security company Anduril.

Also, in particular, he is an investor in Elon Musk’s SpaceX, which is expected have an old IPO this year that will cost the company more than a trillion dollars. Bloomberg he said that 137 Ventures he backed SpaceX in 2010 and cut the company roughly two checks.