SpaceX
FRONTIER Space Systems
SINCE September 2020
HORIZON Multi-decade
Private Family Office
Patient capital at the frontier of what comes next.
VA Capital invests in frontier technology and the infrastructure that civilization is built upon.
Thesis 01 / 05
We are long-term believers in the future of humanity — and we put capital behind that belief.
The most consequential companies of the next century are being built today: in launch and space systems, in the silicon that powers machine intelligence, in the energy and infrastructure that an electrified world depends upon.
Our investment horizon is measured in decades. We will listen to your quarterly earnings calls, but we are unlikely to sell because of them.
We invest in the people building the future we hope for.
Frontiers 02 / 05
We concentrate on five domains.
F—01
Space Systems
Reusable launch and orbital logistics. The infrastructure required to extend civilization beyond Earth.
F—02
Compute
Novel architectures. Speed. Efficiency. What the brain is to the body, compute is to the machine.
F—03
Scientific Progress
Accelerating scientific discovery with AI will be transformative, and is only in its earliest stages.
F—04
Critical Infrastructure
The physical backbone of energy, networks, advanced manufacturing, materials, and industrial capacity.
F—05
Defense & Resilience
Sovereignty, security, and the systems that promote stability and long-term survival.
RESILIENT LONG-TERM
INFRASTRUCTURE CAPITAL
INFRASTRUCTURE CAPITAL
Approach 03 / 05
We measure in decades.
NOW+10Y+25Y+50Y∞
P—01
Conviction over diversification
We concentrate on the people we admire most solving the problems we care most about.
P—02
Partnership over liquidity
We only invest our own capital. Someone we admire once said: "our ideal holding period is forever".
P—03
First principles over incrementalism
The only rules are physics. Act accordingly.
Positions 04 / 05
A selection of our holdings.
Cerebras Systems
FRONTIER Compute
SINCE February 2026
HORIZON Multi-decade
Periodic Labs
FRONTIER Scientific Progress
SINCE May 2026
HORIZON Multi-decade
05 / 05 — Horizon
Toward a Starfleet future.
We view capital as one vehicle, among many, for carrying us toward a future of abundance, exploration, and prosperity. We are still early on this journey, but we are patient, and we intend to be there when it arrives.