Antonio Gracias controls approximately 7.3% of SpaceX's Class A stock, as disclosed in the company’s IPO filing [1, 2]. Gracias, founder of Valor Equity Partners, has been a key backer of SpaceX since 2008 and has been involved with Tesla Inc. as well [1, 2].
Gracias' relationship with Elon Musk goes back more than 20 years, originating in the early 2000s through Silicon Valley and PayPal networks [2]. Valor Equity Partners was among the earliest major institutional investors in SpaceX, steadily expanding its stake over two decades [2].
Gracias' SpaceX stake is expected to yield a massive financial windfall once the company goes public [1, 2]. Sources differ on the estimated value of his holdings: one places the stake at roughly $90 billion based on an expected $1.5 trillion valuation from investors [2], while another values it at about $128 billion assuming a $2 trillion valuation [1].
Beyond direct stock ownership, subsidiaries linked to Musk’s AI venture, xAI, hold equipment lease agreements worth nearly $20 billion with entities affiliated with Valor Equity Partners [2]. This business extends the partnership between Gracias and Musk well beyond SpaceX equity.
Gracias’ involvement with SpaceX began in 2008, establishing a long-term investment relationship that has grown as the company expanded its commercial aerospace ambitions [1]. Their collaboration reflects deep ties forged over decades in tech and finance.
SpaceX’s IPO filing revealing Gracias’ significant stake marks a major milestone in the company’s plans to raise capital publicly and unlock value for private shareholders. The IPO is expected to proceed soon, enabling Gracias and Valor to realize substantial returns on their long-term investments [1, 2].
