Jessie Bates put $150,000 into SpaceX before it went public; the stake could now be worth 10 times that, and he’s cashing out
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Jessie Bates invested $150,000 in SpaceX during its 2022 Series J funding round.
- ✓As reported on August 21, 2026, he is now cashing out his stake, which could be worth 10 times his original investment.
- ✓Bates said, "I wished I had invested more after witnessing the company's growth trajectory."
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Synopsis
Jessie Bates III invested $150,000 in SpaceX during its Series J funding round in 2022. The investment grew significantly after SpaceX's IPO, which valued the company at $1.77 trillion. Bates expressed that he wished he had invested more after witnessing the company's growth trajectory. His financial strategy includes various technological investments and aims for long-term wealth creation. Bates also promotes financial literacy and community support through his foundation and initiatives.
Bates made the investment through RISE Family Office, with guidance from his adviser, Michael V. Ledo. The opportunity came during SpaceX’s 2022 Series J funding round, when the company was valued at about $127 billion. AFROTECH reported that Bates invested $150,000.
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The Economic Times
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