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Musk’s long-time backer is giving SpaceX stock to its investors

Valor Equity Partners is handing out stock to its LPs instead of cash returns.

  • Antonio Gracias, board member of SpaceX, distributes SpaceX stock to investors.
  • Gracias gives away 8.5% of Valor Equity Partners' SpaceX holdings, valued at $8.5 billion.
  • Transfer aims to provide tax benefits and prevent market flooding.

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