In TrendsStock MarketNSE IPONifty OutlookStocks To WatchCrude Oil PricesUS FED MeetingBRICS SummitElon Musk ally Antonio Gracias returns billions in SpaceX shares to investorsValor Equity Partners, an old-time Musk backer, distributed part of its SpaceX holdings directly to investors, allowing limited partners to realise gains without the fund selling the shares in the market.By Bloomberg September 17, 2026, 3:09:48 PM IST (Published)(Photo Credit : Bloomberg)Valor Equity Partners, one of SpaceX’s largest institutional backers, returned about $8.5 billion worth of shares in the AI and rocket firm to investors.Valor, run by longtime Elon Musk ally Antonio Gracias, emerged with a roughly 4% stake when SpaceX went public in June after backing the company for almost two decades.In a Form 4 filing released Tuesday evening, the private equity firm disclosed that it distributed about 8.5% of its SpaceX holdings, allowing its limited partners to begin realizing gains from what has become Valor’s biggest-ever investment win.The transaction was structured as an in-kind distribution, with Valor transferring SpaceX shares directly to investors rather than selling them and distributing the proceeds in cash. The approach can offer tax advantages while avoiding the potential market impact of a large block sale.Representatives for Valor and SpaceX didn’t respond…
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