Valor Equity Partners Holds 7.3% in SpaceX

MT Newswires Live18:15

Valor Equity Partners holds a 7.3% stake in SpaceX (SPCX), making the private equity firm founded by Elon Musk ally Antonio Gracias the second largest shareholder of the rocket and satellite communications firm, according to a regulatory filing submitted Wednesday.

Gracias serves on SpaceX's board and began investing in the rocket company in 2008, Bloomberg reported

If SpaceX attains a valuation of $2 trillion in its upcoming IPO, Valor's stake could be worth about $128 billion, Bloomberg reported.

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