PANews, May 25: According to Fortune, as SpaceX prepares to launch the largest IPO in history, entities controlled by Antonio Gracias, founder of Valor Equity Partners and a long-time ally of Musk, hold over 500 million shares of SpaceX Class A stock, representing approximately 7.3%. Based on the company’s proposed valuation of $1.75 trillion to $2 trillion, the estimated value of this stake ranges from $90 billion to $140 billion. The report reveals that xAI’s subsidiary, CTC, has entered into three "sale and leaseback" agreements for GPU equipment with Valor since 2024, totaling nearly $20 billion, with SpaceX providing guarantees.
SpaceX Waits for IPO as $20 Billion GPU Deal with Elon Musk’s Ally Emerges
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Summary
Crypto news broke on Tuesday as SpaceX moves closer to a potential IPO, with Elon Musk’s close associate Antonio Gracias holding a 7.3% stake valued between $900 billion and $1.4 trillion. Meanwhile, SpaceX subsidiary CTC signed $20 billion in GPU equipment deals with Valor Equity Partners. The cryptocurrency community is monitoring how these developments could influence Musk’s broader business strategy.
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