Elon Musk’s followers: Gracias was introduced to Musk earlier by David Sacks. Valor began investing in SpaceX in 2008, and by 2021 had already poured a total of about $400 million into the company.
In addition to being one of SpaceX’s biggest backers, Gracias and Valor also invested in Tesla (Nasdaq ticker: TSLA). Gracias served on Tesla’s board from 2007 to 2021, after which he stepped down.
Gracias and Valor also invested in Musk’s “boring company” earlier this year.
Form 4 filings submitted by Gracias and Valor show that the investor has reduced its stake in SpaceX by about 8.5%, or 42,790,223 shares. After the sale, Valor still holds 460,624,307 shares of SpaceX, accounting for approximately 3.4% of the company’s total shares outstanding.
Although Gracias is allowing some of Valor’s investors to cash out profits via the SpaceX IPO, he had previously said that he planned to hold the stock long term. Meanwhile, this private equity firm still retains a majority stake in SpaceX.
SpaceX’s stock price rose 2.6% to $154.81, and its 52-week trading range was $104.83 to $225.64. Driven by Thursday’s price increase, SpaceX shares hit a new high since July 9.
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Gracias began investing nearly eighteen years ago, and investing in any company Musk runs has now made his wealth: Gracias’s net worth is about $20.5 billion, ranking 127th on Bloomberg’s Billionaires Index. This investor has accumulated an increase in value of $5.82 billion by 2026.
Truly impressive vision and wisdom—top-tier investment returns 👍👍👍
$SPCX.US
In addition to being one of SpaceX’s biggest backers, Gracias and Valor also invested in Tesla (Nasdaq ticker: TSLA). Gracias served on Tesla’s board from 2007 to 2021, after which he stepped down.
Gracias and Valor also invested in Musk’s “boring company” earlier this year.
Form 4 filings submitted by Gracias and Valor show that the investor has reduced its stake in SpaceX by about 8.5%, or 42,790,223 shares. After the sale, Valor still holds 460,624,307 shares of SpaceX, accounting for approximately 3.4% of the company’s total shares outstanding.
Although Gracias is allowing some of Valor’s investors to cash out profits via the SpaceX IPO, he had previously said that he planned to hold the stock long term. Meanwhile, this private equity firm still retains a majority stake in SpaceX.
SpaceX’s stock price rose 2.6% to $154.81, and its 52-week trading range was $104.83 to $225.64. Driven by Thursday’s price increase, SpaceX shares hit a new high since July 9.
——————————————————————————
Gracias began investing nearly eighteen years ago, and investing in any company Musk runs has now made his wealth: Gracias’s net worth is about $20.5 billion, ranking 127th on Bloomberg’s Billionaires Index. This investor has accumulated an increase in value of $5.82 billion by 2026.
Truly impressive vision and wisdom—top-tier investment returns 👍👍👍
$SPCX.US