June 8, 2026

Elon Musk Debunks Viral SpaceX Story: Antonio Gracias 'Did Not Receive Any Equity' For $1 Million Loan

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Kelly Sikkema / Unsplash

Antonio Gracias' $1 million loan to Elon Musk in 2008 highlights the financial challenges SpaceX faced. Their long-term partnership spans multiple ventures, reflecting broader investment strategies.