February 20, 2023

Addicus Announces Investment in SpaceX

Shutterstock 1921318502
News

February 20, 2023 (Oxford, MS) – Addicus Private Equity LLC announced today that it has offered select clients an exclusive investment opportunity in SpaceX equity. The deal was brought to the firm by a strategic investment partner and has closed and funded this investment.

SpaceX has gained worldwide attention for a series of historic milestones. It is the only private company capable of returning a spacecraft from low-Earth orbit to be reused in future launches. In 2012, the Dragon spacecraft became the first commercial spacecraft to deliver cargo to and from the International Space Station. Later in 2020, SpaceX became the first private company to take humans there as well.

“We are thrilled to offer the opportunity to invest in the next generation of space travel, orbital payload delivery, and satellite broadband,” said Stephen Miles, Chief Global Strategist at Addicus. “We believe SpaceX’s solid reputation for innovation is going to continue to revolutionize space travel with the reuse of the rocket chassis, significantly increasing the margin of each launch. In addition, SpaceX’s Starlink proves to offer much growth opportunity to provide worldwide internet availability.”

“The SpaceX investment was made possible through the relationships our team has made in the venture capital community through our Genysis Venture funds,” said Drew Adams, Chief Enterprise Architect at Addicus.  “Addicus leverages our private equity relationships to offer our high net-worth, accredited or qualified investor clients a wide range of unique opportunities to diversify their investment portfolio.”

 

Media Contact:

Mary Alice West, Director of Marketing

maryalice.west@addicusadvisors.com

Allow us to introduce ourselves

Contact us today and we will be happy to provide more information about Addicus and schedule an introductory meeting.

Contact us