SpaceX‘s record-breaking IPO boosted founder and CEO’s Elon Musk’s personal stake in the company to more than $1 trillion. But he isn’t the only one seeing huge gains from SpaceX’s blockbuster listing.
The IPO also minted thousands of new millionaires — and saw stakes of some shareholders surpass the billion-dollar mark.
SpaceX’s debut week on the public markets has seen investors scramble to buy into Musk’s lofty ambitions for the company, but cooling sentiment has pared some of those gains over the past couple of days.
Earlier in the week, its market cap surpassed Amazon and — briefly — Microsoft. Thursday’s loss, however, saw SpaceX close at a market cap of $2.43 trillion, slipping below the ecommerce giant.
Nevertheless, shares were still up 37% after its historic debut last week, which offered shares at a set price of $135.
From early investors to long-time company execs, CNBC has tracked down several SpaceX shareholders with stakes worth over $1 billion using data from FactSet.
Valor Equity Partners
Valor Equity Partners is sitting on a stake worth around $96.6 billion, mostly owned by the firm’s clients.
The firm’s founder and CEO — and long-time Musk associate — Antonio Gracias currently serves on SpaceX’s board.
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.
The Valor CEO previously sat on the board of Tesla and last year spent time working with Musk as part of the Trump Administration’s DOGE effort to slash the federal workforce, regulations and government spending.
Luke Nosek
A cofounder of one of Musk’s earlier ventures PayPal, Luke Nosek has served on SpaceX’s board since 2008. His stake in the company is worth $6.3 billion.
Nosek cofounded VC firms Founders Fund, alongside Peter Thiel, and Gigafund, and was also a board member at AI company DeepMind before its acquisition by Google.
Gwynne Shotwell
One of Musk’s earliest hires at SpaceX, Gwynne Shotwell currently leads the company’s day-to-day running as president and chief operating officer.
Like Nosek, she’s one of the largest individual shareholders in SpaceX, with her stake worth $2.4 billion.
In a sit-down interview with CNBC on Friday, the day of IPO, Shotwell said: “I feel like I’m there as a partner to help [Musk] get the things done that need to get done, and I tend to focus on the day-to-day of the business operations, and he focuses on high-level strategy, as well as super deep dive on the technical.”
“While Elon’s setting the vision, she’s the one making sure it gets delivered,” Nathan Silvernail, who spent seven years at SpaceX as an engineer on projects like life support systems from 2014 to 2021, told CNBC.
“She handles the operational execution that actually keeps the business running and brings in the funding,” he said. Shotwell, Silvernail added, is the “one taking the meetings with customers, building those relationships, closing the 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 at chip companies Broadcom and Mindspeed Technologies. His stake in SpaceX is worth $1.2 billion.
