Antonio Gracias, a close associate of Elon Musk, stands to gain $68 billion from SpaceX's initial public offering (IPO), making him the second-largest shareholder in the company. His firm, Valor Equity Partners, will own 6.7% of Class A shares following the IPO, which positions Musk to potentially become a trillionaire.

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https://www.wsj.com/business/musk-confidant-antonio-gracias-set-for-68-billion-spacex-win-83ad878a

Musk Confidant Antonio Gracias Set for $68 Billion SpaceX Win

Gracias and his firm Valor Equity Partners are the second-largest SpaceX shareholder

Becky Peterson

June 11, 2026 10:00 am ET

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(2 min)

Antonio Gracias, founder, chief executive officer and chief investment officer of Valor Equity Partners. Antonio Gracias has worked with Elon Musk for over two decades.Bloomberg News

SpaceX’s initial public offering could make Elon Musk a trillionaire. The second-biggest payday will go to Antonio Gracias, his close friend and longtime investor who has made a career out of backing Musk.

When SpaceX goes public on Friday, Gracias and his firm Valor Equity Partners will own 6.7% of Class A shares, according to the company’s IPO prospectus, giving the firm a $68 billion stake. That will make Gracias the second-largest SpaceX shareholder after Musk.