On June 18, 2026, SpaceX appointed Roelof Botha, a close friend of Musk, as an independent director and member of the audit committee less than a week after completing its IPO, making him the eighth director. Botha served at Sequoia Capital for many years and was recruited by Musk to join PayPal in 2000. Sequoia Capital has invested in Musk's companies, including SpaceX, and participated in its leveraged buyout of Twitter.
