Possible SpaceX IPO May Mean Big Windfall for Musk Associate, Raises Questions for Valor
Antonio Gracias, who runs Valor Equity Partners and has close ties to Elon Musk, is in line for a major windfall from SpaceX’s coming IPO. A regulatory filing showed entities linked to Gracias control about 7.3% of SpaceX’s Class A shares. Business Insider put the stake at around $91.6 billion at a $1.5 trillion company value. The Wall Street Journal said it could clear $100 billion if the IPO values SpaceX at $1.5 trillion or higher.