Antonio Gracias Seeks AI, Energy and Space Deals After SpaceX Bet Returned Nearly $100 Billion
Updated
Updated · Bloomberg · Jul 1
Antonio Gracias Seeks AI, Energy and Space Deals After SpaceX Bet Returned Nearly $100 Billion
1 articles · Updated · Bloomberg · Jul 1
Summary
Nearly $100 billion in gains from Valor Equity Partners’ SpaceX investment is pushing Antonio Gracias to hunt for new bets in artificial intelligence, energy and space startups.
Gracias told investors on a private call last month that he is tracking several startups founded by former SpaceX engineers.
Valor is especially interested in companies tied to the space ecosystem if they can complement Elon Musk and SpaceX’s mission over time.
The push extends Gracias’s strategy beyond SpaceX after the company’s IPO success turned one of Valor’s biggest wagers into a massive windfall.