Former prime SpaceX exec Tom Ochinero units up new VC agency, filings reveal

Former senior SpaceX government Tom Ochinero is teaming up with SpaceX alum-turned-VC, Achal Upadhyaya, and one in every of Sequoia’s prime finance leaders, Spencer Hemphill, on a brand new enterprise known as Interlagos Capital, TechCrunch has realized.

There is little public data accessible about Interlagos, and the trio didn’t reply to TechCrunch’s request for remark. The firm was formally integrated within the state of Delaware on March 7, and it was registered as an out-of-state firm with the state of California solely days in the past on April 11. Ochinero, Upadhyaya and Hemphill are all listed on the paperwork. The principal deal with is in El Segundo, California.

A trademark utility for “Interlagos” was filed with the U.S. Patent and Trademark Office on April 4. That utility lists an deal with an identical to the one discovered on the corporate’s enterprise registration. The utility states that the corporate will deal in “enterprise capital providers; enterprise capital funding providers, particularly, offering financing to rising and start-up firms.”

Ochinero departed from SpaceX in February after an almost ten-year stint on the firm, the place he ultimately turned senior vice chairman of business enterprise. In that position, he helped SpaceX develop into the undisputed international lead in business launch. People aware of the matter informed CNBC on the time that Ochinero was resigning “to take care of a household medical matter.”

With Interlagos, he’s teaming up with one other SpaceX alum — Upadhyaya — who spent a decade in engineering roles at SpaceX earlier than becoming a member of funding agency Cantos as a enterprise associate in 2022. He left someday this 12 months, based on his LinkedIn. At Cantos, Upadhyaya’s bets included satellite tv for pc bus producer Apex Space and movement management system developer Salient Motion, each startups headed by ex-SpaceX founders.

Spencer Hemphill, a finance government, is rounding out the workforce. He’s coming from Sequoia, the place he additionally spent ten years. He additionally departed someday this 12 months, leaving the agency as assistant controller.

Ochinero is simply the newest SpaceX government to maneuver from the behemoth house firm into enterprise investing. It’s well-liked sufficient for folks to depart SpaceX to discovered different firms or spend money on them that there’s a web site devoted to connecting the 2 teams. Other notable traders within the SpaceX-to-VC pipeline embrace Founders Fund’s Scott Nolan, who was a really early SpaceX worker, and Alpine Space Ventures’ Bulent Alton.

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