On June 16, 2026, the Board of Directors (the "Board") of Space Exploration Technologies Corp. (the "Company") elected Roelof Botha as an independent "Common Stock Director" (as defined in the Company's Restated Certificate of Formation) to fill the existing vacancy on the Board, effective immediately, to serve until the Company's next annual meeting of shareholders and until his successor has been duly elected and qualified or until such director's earlier death, resignation, retirement, disqualification or removal. The Board also appointed Mr. Botha to serve as a member of its Audit Committee, effective immediately.

Mr. Botha brings extensive public company experience along with a deep audit committee background, having served on the boards and audit committees of numerous public companies. He also brings years of financial, investment, and managerial experience. Mr. Botha has been with Sequoia Capital, a venture capital firm, since 2003, and was a managing member of Sequoia Capital Operations, LLC from 2007 to 2025. From 2000 to 2003, he served in various positions at PayPal, Inc., an electronic payment system, including as the chief financial officer. He has served as a member of the Stanford University Board of Trustees since 2024 and received a B.S. in Actuarial Science, Economics, and Statistics from the University of Cape Town and an M.B.A. from the Stanford Graduate School of Business.

There are no arrangements or understandings between Mr. Botha and any other persons pursuant to which Mr. Botha was selected to serve as a director. Furthermore, there are no transactions involving the Company and Mr. Botha (or any immediate family member thereof) that would be required to be reported under Item 404(a) of Regulation S-K, other than as described herein. Specifically, Mr. Botha's family member has been employed at the Company since January 2025 as a member of the enterprise operations team. In 2025, their annual compensation exceeded the $120,000 reporting threshold. Their compensation is generally commensurate with their peers' compensation. The Company's non-employee directors do not currently receive cash or equity compensation for their service on the Board or its committees. In addition, the Company will enter into an indemnification agreement with Mr. Botha in connection with his service as a member of the Board. The form of indemnification agreement was previously filed as Exhibit 10.1 to the Company's Registration Statement on Form S-1 filed with the Securities and Exchange Commission on June 3, 2026.