Some bits from the story:
- Antonio Gracias is now following several other startups founded by former SpaceX engineers in energy, space
- Valor has invested $5.8 billion in SpaceX over several years. They told investors that they would allocate at least 10% of its funds to SpaceX
Scoop via @arroyanieto: Antonio Gracias is so bullish on SpaceX and its future that he told his LPs that he'd rather not sell SpaceX shares to pay them out, according to a recent investor call.
Gracias instead plans to distribute the firm’s SpaceX investment “in kind,” meaning he would dole out shares in the rocket company in lieu of cash.
bloomberg.com/news/articles/…
Scoop via @arroyanieto: Antonio Gracias is so bullish on SpaceX and its future that he told his LPs that he'd rather not sell SpaceX shares to pay them out, according to a recent investor call.
Gracias instead plans to distribute the firm’s SpaceX investment “in kind,” meaning he would dole out shares in the rocket company in lieu of cash.
bloomberg.com/news/articles/…
Gracias is so bullish on SpaceX and its future that he told investors in his funds that he would rather not sell SpaceX shares to pay them out. Gracias would instead prefer to distribute the firm’s SpaceX investment “in kind,” meaning he would dole out shares in the rocket company in lieu of cash.
bloomberg.com/news/articles/…
Antonio Gracias told investors in his Valor Equity Partners fund that he’s now following several other startups founded by former SpaceX engineers, and would like to invest in businesses that are involved in the space ecosystem if they can work and complement Musk and SpaceX’s mission over time, he said during a private call last month.
bloomberg.com/news/articles/…
Antonio Gracias, a long-time SpaceX board member, is looking for more investments in artificial intelligence, energy and space after bets in Elon Musk’s company netted his fund nearly $100 billion bloomberg.com/news/articles/…
Elon Musk received a regulatory greenlight to acquire startup Mesh Optical Technologies, a company founded by former SpaceX engineers working on optical data center communication technology.
bloomberg.com/news/articles/…
Elon Musk received a regulatory greenlight to acquire startup Mesh, a company founded by former SpaceX engineers working on optical data center communication technology bloomberg.com/news/articles/…
Elon Musk is expanding access to digital payment venture X Money to a subset of premium users on social network X, part of his bid to turn the platform into an “everything app” bloomberg.com/news/articles/…
Antonio Gracias’ Valor Equity Partners, a venture capital firm that’s long-been allied with Elon Musk, is raising about $2.5 billion to invest in startups and build on its success as a backer of the newly public SpaceX bloomberg.com/news/articles/…
Antonio Gracias’ Valor Equity Partners, a venture capital firm that’s long-been allied with Elon Musk, is raising about $2.5 billion for a fund that also holds shares in SpaceX.
W/ @nmasc_bloomberg.com/news/articles/…
Antonio Gracias’ Valor Equity Partners, a venture capital firm that’s long-been allied with Elon Musk, is raising about $2.5 billion to invest in startups and build on its success as a backer of the newly public SpaceX bloomberg.com/news/articles/…
SpaceX signed a multibillion-dollar deal to provide computing power to AI startup Reflection AI, the latest in a series of agreements as Elon Musk’s company pushes into AI infrastructure bloomberg.com/news/articles/…
SpaceX said it had elected Roelof Botha, a long-time Sequoia Capital investor, to join the board as an independent director, less than a week after the Elon Musk-led company’s record-setting initial public offering bloomberg.com/news/articles/…
The four principals of Cursor — all in their mid-20s — join a growing list of billionaires minted by Elon Musk’s SpaceX since it went public on Friday bloomberg.com/news/articles/…