Musk Ally Gracias Stands to Make Billions Off SpaceX IPO (1)

Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 7.3% stake in SpaceX, making him the second-largest holder after Musk himself that will earn the investor a giant windfall.

A board member at SpaceX, Gracias has backed the rocket company since 2008 and has also been involved with Tesla Inc. With SpaceX now going public, Valor and Gracias himself stand to earn huge returns on their investment, according to a Wednesday filing. If SpaceX seeks a valuation as high as $2 trillion in its IPO, as Bloomberg has previously reported, the ...