Who are SpaceX’s billionaire shareholders?
SpaceXThe record-breaking IPO pushed founder and CEO Elon Musk’s personal stake in the company to over $1 trillion. But he’s not the only one making big profits from SpaceX’s blockbuster slate.
The IPO also created thousands of new millionaires, with some shareholders seeing their shares exceed billions of dollars.
SpaceX’s first week on the public markets saw investors race to embrace Musk’s big ambitions for the company, but cooling weather has weakened some of those gains over the past few days.
Market value exceeded at the beginning of the week Amazon and – briefly – Microsoft. But Thursday’s loss caused SpaceX to fall below the e-commerce giant with a market cap of $2.43 trillion.
However, shares are still up 37% following its historic debut last week, offered at a flat price of $135.
From early investors to long-time company executives, CNBC tracked down many SpaceX shareholders with more than $1 billion worth of stock using FactSet data.
Valor Equity Partners
Valor Equity Partners holds a stake worth approximately $96.6 billion, the majority of which belongs to the firm’s clients.
Antonio Gracias, the firm’s founder and CEO and Musk’s longtime partner, currently serves on SpaceX’s board of directors.
Gracias said he met Musk more than 20 years ago through mutual friend David Sacks, a venture capitalist who until recently served as President Donald Trump’s AI and crypto czar.
Valor CEO was previously on the board Tesla’s and spent time last year working with Musk as part of the Trump Administration’s DOGE efforts to cut the federal workforce, regulations and government spending.
Luke Nosek
Co-founder of one of Musk’s previous ventures PayPalLuke Nosek has served on SpaceX’s board of directors since 2008. His stake in the company is worth $6.3 billion.
Nosek was a co-founder of VC firms Founders Fund, along with Peter Thiel and Gigafund, and was also a board member before it was acquired by AI company DeepMind. Google.
Gwynne Shotwell
Gwynne Shotwell, one of Musk’s first hires at SpaceX, now oversees the day-to-day operations of the company as president and chief operating officer.
Like Nosek, he is one of SpaceX’s largest individual shareholders, with shares worth $2.4 billion.
In a sit-down interview with CNBC on Friday, IPO day, Shotwell said: “I feel like I’m there as a partner to help [Musk] I get the work done that needs to be done, and I tend to focus on day-to-day business operations, and he focuses on high-level strategy as well as diving deep into technical matters.”
“While Elon sets the vision, he is the one who makes that vision come true,” Nathan Silvernail, who spent seven years as an engineer at SpaceX from 2014 to 2021 on projects such as life support systems, told CNBC.
“He manages the operational execution that keeps the business running and gets the financing,” he said. Silvernail added that Shotwell is “the person who meets with clients, builds those relationships, signs contracts.”
Bret Johnsen
Bret Johnsen is SpaceX’s chief financial officer and joined SpaceX in 2011. He is responsible for the company’s long-term financial strategy and financial operations.
Johnsen previously worked for chip companies broadcom and Mindspeed Technologies. His stake in SpaceX is worth $1.2 billion.
