Account

The Actual News

Just the Facts, from multiple news sources.

Exclusive: Roelof Botha bets on SpaceX over OpenAI as the most valuable tech company

Exclusive: Roelof Botha bets on SpaceX over OpenAI as the most valuable tech company

Summary

Roelof Botha from Sequoia Capital stated that SpaceX could become the most valuable tech company, surpassing OpenAI. He pointed out that SpaceX's significant role in space transport gives it a strong position, while OpenAI faces competition within artificial intelligence.

Key Facts

  • Roelof Botha is from Sequoia Capital.
  • Botha believes SpaceX may become the most valuable tech company.
  • SpaceX moved 80% of the mass sent into orbit last year.
  • OpenAI faces competition from companies like Google's Gemini.
  • Botha recently stepped down from his leadership role at Sequoia.
  • Sequoia has distributed $52 billion since Botha became a leader in 2017.
  • Alfred Lin and Pat Grady will take over leadership at Sequoia.

Source Information