Musk’s long-time backer is giving SpaceX stock to its investors
Valor made a killing on SpaceX after investing in it over decades, with entities controlled by Gracias owning more than 500 million shares at the time of the IPO. This was second only to Musk (who owned over 6 billion shares at the time). But instead of cashing out and issuing returns to LPs, Valor handed over 8.5% of its holdings to them, worth about $8.5 billion, Bloomberg estimates.
- ▪Valor made a killing on SpaceX after investing in it over decades, with entities controlled by Gracias owning more than 500 million shares at the time of the IPO.
- ▪This was second only to Musk (who owned over 6 billion shares at the time).
- ▪But instead of cashing out and issuing returns to LPs, Valor handed over 8.5% of its holdings to them, worth about $8.5 billion, Bloomberg estimates.
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| Original publisher | TechCrunch |
| Canonical URL | https://techcrunch.com/2026/09/16/musks-long-time-backer-is-giving-spacex-stock-to-its-investors/ |
| Publication time | Wed, 16 Sep 2026 23:50:07 +0000 |
| Retrieval time | 2026-09-16T23:53:42.031Z |
| Last seen | 2026-09-16T23:53:42.031Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | xyMEankWw9TA · 1 stories |
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Opening excerpt (first ~120 words) tap to expand
In Brief Posted: 4:50 PM PDT · September 16, 2026 Image Credits:Eva Marie Uzcategui/Bloomberg Julie Bort Musk’s long-time backer is giving SpaceX stock to its investors VC firm Valor Equity Partners, founded by Antonio Gracias, a long-time Elon Musk backer and current SpaceX board member, has opted to simply give away a chunk of its SpaceX stock to its limited partner investors, according to an SEC filing spotted by Bloomberg. Valor made a killing on SpaceX after investing in it over decades, with entities controlled by Gracias owning more than 500 million shares at the time of the IPO. This was second only to Musk (who owned over 6 billion shares at the time).
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Excerpt limited to ~120 words for fair-use compliance. The full article is at TechCrunch.
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