137 VENTURES RAISES $700M BEFORE SPACEX IPO

AI DESK■ 1 MIN READ

FRI, MAY 1, 2026

■ AI-SUMMARIZED FROM 3 SOURCES ▸ TIMELINE

137 Ventures, a major SpaceX backer, has raised $700 million across two new growth-stage funds. The move comes as the VC firm prepares for a potential windfall from SpaceX's expected public offering.

137 Ventures has closed fundraising for two new funds totaling $700 million, targeting growth-stage startups willing to remain private longer. The VC firm is positioned to benefit significantly from SpaceX's anticipated IPO, with its stake currently valued at over $10 billion. Founded by Justin Fishner-Wolfson, 137 Ventures holds approximately 1% of SpaceX after making multiple investments in the Elon Musk-led company. The firm's portfolio also includes defense startup Anduril and space infrastructure company Hadrian. The capital raise reflects growing investor appetite for backing companies at later stages as founders delay public market debuts. 137 Ventures plans to deploy the funds across multiple companies navigating extended private trajectories while scaling operations.

■ SOURCES

► Bloomberg Tech ► TechCrunch ► Bloomberg Tech

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

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137 VENTURES RAISES $700M BEFORE SPACEX IPO

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