SpaceX names Bret Johnsen as Chief Financial Officer. Johnsen is a former Broadcom executive, who joins SpaceX during a time of incredible growth. He brings 20 years of financial leadership experience in high-profile, publicly traded companies to SpaceX as it undergoes rapid growth on the back of tremendous technological and market success.
Johnsen's appointment follows the company’s fourth straight year of profitability (2007-2010). The total value of SpaceX NASA and commercial contracts recently topped $3 billion for over 40 launches. The company has also grown to more than 1,300 employees.
“Bret has an exceptional talent for financial management in high-growth, publicly held technology companies,” said Elon Musk, SpaceX CEO and CTO. “Looking at his career, he is clearly someone that always sought out tough challenges and produced impressive results. His experience will be invaluable to SpaceX as we implement the financial standards and processes needed to allow for the possibility of becoming a public company.”
“I am thrilled to be part of a team that is transforming the space industry,” said Johnsen. “It is exciting to join such a pioneering company as it continues to grow and increase market share. My job at SpaceX will be to ensure financial discipline, while supporting the formula that makes SpaceX great.”