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Musk's long-time backer is giving SpaceX stock to its investors
Summary by TechCrunch
4 Articles
4 Articles
Equity Partners, the firm founded by Antonio Gracias, transferred 8.5% of its shares in SpaceX to its limited partners, with an estimated value of $8.5 billion. The decision avoids a massive sale on the market and could offer tax advantages to investors, while the company still retains more than 460 million shares.
Musk’s long-time backer is giving SpaceX stock to its investors
VC firm Valor Equity Partners, founded by Antonio Gracias, a long-time Elon Musk backer and current SpaceX board member, has opted to simply give away a chunk of its SpaceX stock to its limited partner investors, according to an SEC filing spotted by Bloomberg. Valor made a killing on SpaceX after…
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