Updated
Updated · Bloomberg · Jul 1
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.

Insights

Will the 'SpaceX mafia' truly build the future, or are they creating a high-risk bubble in Musk's orbit?
With a $9B related-party debt, is Valor's new fund a brilliant strategy or a massive conflict of interest?