space x‘s record-breaking IPO increased founder and CEO Elon Musk’s personal stake in the company to more than $1 trillion. But he’s not the only one reaping big benefits from SpaceX’s list of blockbuster products.
The IPO also created thousands of new billionaires, with some shareholders contributing more than $1 billion.
SpaceX’s public market debut saw investors scramble to buy into Mr. Musk’s lofty ambitions for the company, but cooling sentiment erased some of the gains of the past few days.
Earlier this week, its market capitalization was Amazon And — easily — microsoft. But with Thursday’s loss, SpaceX’s market capitalization ended at $2.43 trillion, below that of the e-commerce giant.
Nevertheless, the stock is still up 37% since its historic debut last week when it offered shares at a set price of $135.
Using FactSet data, CNBC tracked several SpaceX shareholders who hold more than $1 billion worth of stock, ranging from early investors to longtime company executives.
Valor Equity Partners
Valor Equity Partners holds approximately $96.6 billion worth of stock, the majority of which is owned by its clients.
Antonio Gracias, the company’s founder and CEO and a longtime colleague of Musk’s, currently serves on SpaceX’s board of directors.
Gracias said he met Musk more than 20 years ago through a mutual friend, venture capitalist David Sachs, who until recently served as President Donald Trump’s AI and crypto czar.
Valor’s CEO was previously a member of the board of directors tesla And last year, he spent time working with Musk as part of the Trump administration’s DOGE effort to cut federal workers, regulations and government spending.
luke nosek
Co-founder of Musk’s early business paypalLuke Nosek has been a director of SpaceX since 2008, and his stake in the company is worth $6.3 billion.
Nosek co-founded venture capital firms Founders Fund and Gigafund with Peter Thiel and served on the company’s board before being acquired by AI company DeepMind. google.
gwyn shotwell
Gwynne Shotwell, one of Musk’s first hires at SpaceX, now runs the company’s day-to-day operations as president and chief operating officer.
Like Nosek, she is one of SpaceX’s largest individual shareholders, with a stake worth $2.4 billion.
“I feel like I’m there as a partner to help[Musk]accomplish what needs to be done,” Shotwell said in a sit-down interview with CNBC on Friday, the day of the IPO. “I tend to focus on the day-to-day operations of the business, but he’s more focused on high-level strategy as well as digging deep into the technical stuff.”
“While Elon is setting the vision, she is the one making sure it comes to fruition,” Nathan Silvernail, who spent seven years as an engineer at SpaceX from 2014 to 2021, working on projects such as life support systems, told CNBC.
“She’s actually in charge of the operations that keep the business running and bring in the money,” he said. Mr. Silvernail added that Mr. Shotwell is “the person who meets with customers, builds relationships, and closes deals.”
Brett Johnsen
Brett 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.
Mr. Johnsen previously worked for a semiconductor company. broadcom and Mindspeed Technologies. His SpaceX stock is worth $1.2 billion.
