Emerging
Jun 16, 20261
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Sequoia Capital Partner Expresses Long-Term Confidence in SpaceX Ahead of IPO
Sequoia Capital partner Shaun Maguire stated he will hold SpaceX shares indefinitely, expressing confidence ahead of the company's IPO. Sequoia owns just under 1.5% of SpaceX and Maguire discussed the company's plans for orbital data centers and upcoming mega-AI IPOs.
Quick Facts
Who
Shaun Maguire
What
SpaceX IPO discussion
When
2026-06-16
Where
Bloomberg Tech (media appearance)
- SpaceX IPO discussion
- orbital data center plans announcement
- venture capital investing implications
- Shaun Maguire
- Sequoia Capital
Shaun Maguire, a partner at venture capital firm Sequoia Capital, has expressed unwavering confidence in SpaceX, stating he will hold his shares in Elon Musk's company indefinitely. Maguire made the comments during an appearance on Bloomberg Tech, where he discussed the implications of SpaceX's anticipated initial public offering for the venture capital industry.
Sequoia Capital holds a significant stake in SpaceX, owning just under 1.5% of the company. Maguire used the platform to outline some of SpaceX's forward-looking initiatives, including plans to develop orbital data centers—a potential new business line for the aerospace and space technology company.
Beyond SpaceX, Maguire also weighed in on broader market trends, commenting on upcoming initial public offerings in the artificial intelligence sector. His remarks reflect Sequoia's continued investment thesis around transformative technology companies and long-term value creation in the space industry.
Why This Matters
This statement from a top venture investor signals confidence in SpaceX's long-term valuation and business expansion strategy. With Sequoia being a major stakeholder, Maguire's public commitment to indefinite holding suggests institutional conviction about the company's orbital data center opportunity and AI infrastructure plays—directly affecting investor sentiment ahead of a potential IPO and informing broader venture capital positioning in space tech.
Timeline & Sources
Jun 16, 2026
WireShaun Maguire appears on Bloomberg Tech to discuss SpaceX IPO and company initiatives