SpaceX IPO Could Turn Elon Musk Ally Into One Of The World’s Richest Investors. Here's How

Last Updated:May 21, 2026, 12:59 IST

SpaceX S-1 shows entities linked to Gracias hold 7.3 percent of Class A shares, a stake that could reach 92 billion dollars if a 1.5 trillion dollar IPO valuation is achieved.

Longtime Elon Musk associate Antonio Gracias may soon emerge as one of the wealthiest investors in the world as SpaceX moves closer to a potential public listing, according to details revealed in the company’s S-1 filing.

According to a report by the Business Insider, the filing shows that entities linked to Gracias control nearly 7.3 per cent of SpaceX’s Class A shares ahead of the anticipated IPO. Based on investor expectations that the company could achieve a valuation of around USD 1.5 trillion, the stake could be worth nearly USD 92 billion.

If that valuation materialises, Gracias — who has largely stayed away from the public spotlight despite his long association with Musk — could instantly enter the ranks of the world’s richest individuals, the report added.

According to the filing, more than 500 million SpaceX shares are held through investment vehicles affiliated with Valor Equity Partners, the investment firm founded by Gracias in 1995. Over the years, Valor became one of the earliest institutional backers of SpaceX and steadily increased its exposure to the company while it remained privately held.

Gracias’ relationship with Elon Musk dates back more than two decades. The two reportedly became acquainted through Silicon Valley and PayPal circles shortly after PayPal’s sale to eBay in the early 2000s.

As Musk expanded his business empire across electric vehicles, space technology, artificial intelligence and infrastructure, Gracias emerged as one of his closest advisers and strongest supporters. During Tesla’s financial struggles in the late 2000s and the turbulent Model 3 production phase years later, Gracias played an influential role inside Tesla’s boardroom and remained closely involved with several Musk-led ventures.

The newly disclosed filing also points to growing financial ties between Musk’s broader companies and Valor-affiliated entities. It states that subsidiaries connected to xAI entered into equipment lease agreements worth nearly USD 20 billion with entities linked to Valor for AI infrastructure and computing hardware.

News world SpaceX IPO Could Turn Elon Musk Ally Into One Of The World’s Richest Investors. Here's How

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