The Age
·general
·9 hours ago
Antonio Gracias Set to Gain $100 Billion as SpaceX Begins Trading Friday
Antonio Gracias, Elon Musk's longtime business ally, stands to gain a $100 billion windfall when SpaceX begins trading on Friday. Valor Equity Partners, Gracias' Chicago-based firm, is SpaceX's second-largest disclosed shareholder with a $93 billion stake at the target IPO valuation. Gracias' 25-year bet on Musk across multiple ventures exemplifies wealth creation through sustained investment in a single entrepreneur.
Summary by OZbrief · The Age
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