Antonio Gracias, longtime confidant of Elon Musk, will see his private‑equity firm Valor Equity Partners cash in as SpaceX launches its IPO on Friday. Valor holds the second‑largest disclosed block, controlling a $65 billion stake that translates to roughly 3.7 % of the company. The offering is expected to rank among the largest private‑equity cashouts in history.

The IPO targets a $1.77 trillion market value, meaning Gracias’ holdings could be worth over $65 billion instantly. Valor pumped roughly $400‑$500 million into SpaceX by 2021 and retains 503 million shares across 30 affiliated entities. The firm takes a 20 % carry on profits for its limited partners, with Gracias pocketing about half of that share and will flow to investors.

If the shares trade near the target price, Gracias, now 55, would join the world’s richest individuals, though Musk would still outpace him. The transaction also underscores how a single loyal investor can generate multibillion‑dollar returns from a tech‑centric portfolio. The SpaceX IPO therefore reshapes the private‑equity landscape and adds a massive new asset class for public markets.

Analysts warn the massive valuation could pressure SpaceX’s earnings as public shareholders demand transparency, but the cash infusion solidifies Musk’s ability to fund ambitious projects like Starship and xAI.