137 Ventures Secures $700M to Pursue AI Agents and Space Ventures
137 Ventures has successfully raised over $700 million through two new funds, increasing its assets under management (AUM) to over $15 billion as it intensifies its focus on AI agents, robotics, advanced industries, and a stake in SpaceX valued at more than $10 billion.
Summary
- Backers of SpaceX, 137 Ventures, have secured over $700 million through two recent funds, raising their assets under management to exceed $15 billion.
- The growth-stage firm intends to use this new capital to invest in transformative technologies focusing on AI agents, robotics, advanced industrial systems, and aerospace propulsion.
- With its current holdings, 137 Ventures owns more than 1% of SpaceX, a stake that its founder estimates to be valued at over $10 billion in anticipation of a potential IPO that could price the rocket manufacturer above $1 trillion.
Based in San Francisco, 137 Ventures has amassed over $700 million for two new investment funds, according to reports from TechFundingNews and a distinct press release.
New funds elevate 137 Ventures over $15b AUM
These fund closings have pushed the firm’s total assets under management to more than $15 billion as of March 2026, establishing it as one of the leading specialized growth funds investing in late-stage technology firms.
Founded in 2010 by Justin Fishner-Wolfson and S. Alexander Jacobson post their tenure at Founders Fund, 137 Ventures concentrates on “generational technology companies,” often providing liquidity solutions for founders and early employees alongside primary investments.
Investing in AI agents, robotics, and propulsion
In its announcement, 137 Ventures highlighted that the new funds will support companies “pioneering advancements in AI, defense, and advanced industrial systems,” with a focus on AI agents, robotics, and innovative aerospace propulsion.
Recent additions to their portfolio include Cognition, Impulse Space, Hadrian, and Physical Intelligence, startups focused on AI copilots, in-space logistics, automated precision manufacturing, and embodied AI, respectively.
In the past year, the firm successfully deployed over $1.7 billion, preferring to concentrate on a limited number of high-conviction investments rather than dispersing funds across numerous smaller seed deals.
This approach aligns with a larger trend in venture capital that favors fewer and larger funding rounds for companies recognized as foundational to AI and space, even as overall VC activity in both tech and crypto has slowed.
A stake in SpaceX valued at over $10 billion ahead of a potential trillion-dollar IPO
The firm’s most significant investment continues to be its holding in SpaceX, where it has participated in approximately two dozen funding rounds since 2010.
Justin Fishner-Wolfson, the firm’s founder, disclosed to Bloomberg that they currently possess shares of SpaceX valued at “well over $10 billion,” noting that this stake represents “more than 1%” of the company’s ownership.
If SpaceX moves forward with a highly anticipated IPO at a valuation exceeding $1 trillion, this investment could emerge as one of the most successful single positions in modern venture capital history, as suggested by some financial analysts and secondary market indicators.
In addition to SpaceX, 137 Ventures have supported prominent names like Anduril, Gusto, and Ramp, reflecting a belief that AI-driven defense, fintech, and enterprise infrastructure will yield remarkable returns as automation and autonomy transform both digital and physical realms.
For founders developing AI agents, robotics platforms, or businesses related to space, the introduction of these new funds signals that 137 Ventures will be an increasingly proactive late-stage investor—especially for teams in search of partners willing to back capital-intensive, long-term ventures.