Gracias’ Valor Stands to Pocket Billions From SpaceX IPO (1)

Antonio Gracias, the founder of Valor Equity Partners and a longtime Elon Musk ally, controls a 4% economic stake in SpaceX through various funds, the second-largest position disclosed after Musk himself that will earn the investor and his firm a giant windfall.

A board member at SpaceX, Gracias has backed the rocket company for more than a decade 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 ...