137 Ventures has raised more than $700 million across two new funds, bringing assets under management to more than $15 billion, doubling its efforts on AI agents, robotics, advanced industries and a more than $10 billion stake in SpaceX.
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- SpaceX backer 137 Ventures has closed more than $700 million across two new funds, bringing its assets under management to more than $15 billion.
- The growth-stage company says the new capital will target high-impact technology bets in artificial intelligence, robotics, advanced industrial systems, and space propulsion.
- 137 Ventures now owns more than 1% of SpaceX, a stake that its founder values at more than $10 billion ahead of a potential IPO that could value the rocket company at more than $1 trillion.
San Francisco-based 137 Ventures has raised more than $700 million for two new investment vehicles, according to Art funding news And separate press release.
The new funds propel 137 projects to more than $15 billion in assets under management
The closings bring the firm’s total assets under management to more than $15 billion as of March 2026, strengthening its position as one of the largest specialist growth funds supporting late-stage technology companies.
137 Ventures, founded by Justin Fechner Wolfson and S. Alexander Jacobson in 2010 after their stints at Founders Fund, focuses on “generational technology companies” and often provides liquidity solutions to founders and early employees along with seed capital.
Betting on artificial intelligence factors, robotics and payment systems
The new funds will support companies “working at the frontiers of AI, defense and advanced industrial systems,” 137 Ventures said in its announcement, highlighting categories such as AI agents, robotics and new space propulsion as key areas of focus.
Recently unveiled additions to the portfolio include Cognition, Impulse Space, Hadrian, and Physical Intelligence – startups working on AI co-pilots, space logistics, automated precision manufacturing, and embodied AI, respectively.
Over the past 12 months, the company has distributed more than $1.7 billion, concentrating capital in a relatively small number of high-conviction positions rather than spreading bets across hundreds of smaller primary trades.
This strategy fits into a broader shift in ventures toward fewer and larger rounds in companies seen as critical infrastructure for the AI and space, even as overall venture capital volumes in crypto and technology decline.
$10 billion stake in SpaceX ahead of $1 trillion IPO
Still, 137 Ventures’ biggest swing is its location SpaceXhaving invested in nearly twenty rounds since 2010.
said company founder Justin Fechner Wolfson Bloomberg “At this point, I think we own over $10 billion worth of SpaceX stock,” he added, adding that the stake represents “more than 1%” of the company.
That exposure could become one of the largest single position gains in modern venture history if SpaceX goes ahead with its long-discussed $1 trillion-plus IPO, some bankers and secondary market indicators suggest.
Beyond SpaceX, 137 Ventures backed names like Anduril, Gusto, and Ramp, reflecting the thesis that AI-driven defense, fintech, and enterprise infrastructure will generate outsized returns as automation and autonomy reshape the digital and physical industries.
For founders building AI agents, robotics platforms, or space-adjacent companies, the new funds mean 137 Ventures will be a more active late-stage counterparty — especially for teams looking for investors comfortable underwriting capital-intensive, long-term bets.
