Antonio Gracias' $1 Million Loan to Elon Musk Could Yield $100 Billion SpaceX Fortune
By
Jonathan Small
Front-window bakery material. Catches the eye, delivers the goods.
Summary
Antonio Gracias, Elon Musk's best friend, loaned Musk $1 million when Tesla was near bankruptcy. Gracias now holds a 7.3% stake in SpaceX, which could soon make him one of the 50 wealthiest people in the world with a potential fortune exceeding $100 billion. The article highlights the power of early bets on visionary entrepreneurs and the immense returns from SpaceX's growth.
Key quotes
· 3 pulledIt pays to have friends in high places—and if your best friend happens to be the richest man in the world, that's even better.
Antonio Gracias is Elon Musk's best friend.
Gracias loaned Musk $1 million to keep the...
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