Business Insider
US · 16 mins ago
✦ 75◉ Centre
This longtime Musk ally and SpaceX investor is sitting on a $90 billion jackpot
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Quality 75/100
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◉ Centre ✓ Fair headline
Antonio Gracias, a long-time SpaceX board member and Musk associate, stands to gain approximately $90 billion from his 7.3% stake in SpaceX based on a projected $1.5 trillion IPO valuation.
This longtime Musk ally and SpaceX investor is sitting on a $90 billion jackpot
Antonio Gracias has served on SpaceX's board since 2010.
Bloomberg/Getty Images
SpaceX's S-1 shows that entities controlled by Antonio Gracias own roughly 7.3% of Class A stock ahead of the IPO.
Based on the $1.5 trillion valuation investors expect SpaceX to achieve, that stake would be worth roughly $90 billion.
That level of wealth could instantly vault Gracias to the ranks of some of the richest people in the world.
Antonio Gracias, one of Elon Musk's oldest friends and closest business all
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