Here's how much Elon Musk's best friend who lent $1 million when Tesla was at the brink of bankruptcy will earn from spaceX IPO
TIMESOFINDIA.COM / May 26, 2026, 17:47 (IST)
Elon Musk's close friend, Antonio Gracias, who once lent $1 million to a struggling Tesla, stands to gain billions from spaceX's upcoming IPO. Gracias's firm, Valor Equity Partners, holds a significant stake, potentially worth over $90 billion. However, recent equipment lease deals between spaceX and Valor, involving AI infrastructure, have raised corporate governance concerns and scrutiny over related-party transactions.