Abstract: A spindle motor comprising a bracket, a shaft member provided on the bracket, a rotor rotatably mounted to the shaft member through a pair of bearings, a rotor magnet mounted to the rotor, a stator disposed in opposite relation to the rotor magnet, and magnetic fluid sealing means respectively disposed outwardly of a pair of the bearings. The shaft member is provided with an air passage extending in the axial direction, and a communication passage for communicating the air passage with a space between a pair of the bearings. A cap member which is improved in its structure is disposed outwardly of one of the paired bearings. An annular projection for positioning the rotor magnet concentrically with respect to the rotor is provided on a magnet mount portion of the rotor.