Antonio Gracias controls roughly 7.3% of SpaceX Class A stock ahead of the IPO. Investors expect SpaceX to reach about a $1.5 trillion valuation. At that valuation, the stake would be worth approximately $90 billion. That amount of wealth could rapidly place Gracias among the world’s richest people. The questions raised include who Antonio Gracias is, what Valor Equity Partners is, and how a potential jump in wealth might affect his role. The core point is the magnitude of the stake and the potential immediate impact on personal net worth.
"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."
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]