Elon Musk’s best friend could make more than $100 billion from SpaceX’s IPO. His firm is also owed billions by SpaceX
Antonio Gracias, a close friend of Elon Musk, stands to gain significantly from SpaceX's upcoming IPO. Gracias' firm, Valor Equity Partners, holds a substantial stake in SpaceX, which could be worth billions depending on the company's valuation. Additionally, SpaceX has entered into controversial lease agreements with Valor that have raised concerns among corporate governance experts.
- ▪Antonio Gracias is the second-largest individual shareholder of SpaceX, holding over 500 million shares.
- ▪Gracias' stake could be valued at around $90 billion to $140 billion based on SpaceX's targeted IPO valuation.
- ▪SpaceX has signed lease agreements with Valor Equity Partners that obligate it to pay nearly $20 billion over time.
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Elon Musk has a shadow.Recommended Video His name is Antonio Gracias, a handsome private equity investor from Detroit. The two met through the Silicon Valley web at the turn of the century, and soon Gracias—at 55, just one year older than Musk—lent Musk $1 million in his early days at Tesla, when the company was teetering on the edge of bankruptcy. The two have been best friends ever since. Gracias was a groomsman at Kimbal Musk’s wedding, the families have vacationed together, spent the holidays together, and even traveled to David Copperfield’s private island in the Bahamas. And Gracias trailed Musk through all of his ventures. He’s sat on the boards of Tesla—where he spent eight years as lead independent director—SpaceX, SolarCity, Neuralink, and The Boring Company.
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