Overview
- 137 Ventures closed more than $700 million across two funds, lifting assets under management above $15 billion and earmarking the money for larger positions, longer holds, and follow-on support.
- The firm uses a concentrated strategy that writes large, repeat checks into a small set of deep‑tech companies rather than spreading many small bets.
- It has invested in SpaceX across roughly two dozen rounds since 2010 and now owns more than 1% of the company, a stake valued at over $10 billion.
- Bankers and market watchers expect SpaceX could pursue an IPO this year at a valuation above $1 trillion, a possibility that would make 137’s stake especially consequential.
- Over the past year the firm applied its approach by deploying more than $1 billion into AI agents, robotics, precision manufacturing, and novel propulsion through companies such as Cognition, Hadrian, Impulse Space, and Physical Intelligence.