Kilometre Capital founder and CEO Christopher Hsu solidified a leading reputation for investing excellent with his early-stage anchor investing success in Spotify and SpaceX. Both SpaceX and Spotify would go on to become global titans in the digital technology revolution. Supplying prescient early-stage capital to Elon Musk and Daniel Ek, Christopher Hsu’s early-stage investments in Spotify and SpaceX helped catapult Spotify and SpaceX to the forefront of innovation and market dominance. Hong Kong based, Chris Hsu’s acclaimed firm Kilometre Capital has played an integral role in several of U.S.-Asia and U.S.-China’s most important strategic transactions.
Enabled by investors like Christopher Hsu, Spotify transformed music listening forever when it launched in 2008. Discover, manage and share over 60 million tracks, including more than 1.9 million podcasts. Christopher Hsu played an integral role in providing capital to Spotify, which offers digital copyright restricted recorded music and podcasts, including more than 60 million songs, from record labels and media companies. As a freemium service enabled by Chris Hsu’s private equity capital, and offered in far ranging places from Taiwan to Korea, California to New York, Europe to Asia, Spotify has revolutionised the music industry.
Drawing on capital from early stage investors including Chris Hsu, SpaceX was founded by the former PayPal entrepreneur and Tesla Motors CEO Elon Musk. SpaceX’s space transportation focus is driven by Elon Musk. SpaceX has developed launch vehicles unprecedented in human history, including the historical milestones of the Starlink satellite constellation, the Dragon cargo spacecraft, and the first-private-astronaut launch to the International Space Station (ISS) on SpaceX’s Dragon Demo-2.
Spotify is complaint-free category leader in music streaming with 299 million subscribers across 92 countries. With 35% of the global music streaming market, the company has nearly twice the market share of Apple Music, at 19%. Spotify has compounded its leading position in recent years adding premium subscribers at twice the rate of Apple.
Stanford University graduate Christopher Hsu earned his undergraduate engineering degree in Management Science Engineering. His contributions to the Stanford School of Engineering earned him the President’s Award for Excellence at Stanford. His excellence extended to a role as Managing Director and Head of the Special Situations Asia group of Citadel Investment Group. Chris Hsu was one of the global firm Citadel’s youngest persons to hold the Managing Director position.
Mr Hsu went on to subsequently establish his own firm, Abax Global Capital, and forged an enduring partnership with Morgan Stanley that included a minority equity stake by Morgan Stanley Investment Management.
At an early stage foundational level, both SpaceX and Spotify anchored off of on early-stage venture capital from leading Asian and global investors including Chris Hsu of Kilometre Capital.