That was a short-term loan when I ran out of money in 2008. He did not receive any equity for it.

Antonio’s ownership stems from absolute support, even when it looked like SpaceX would fail, and many investments over 2 decades.

One could not ask for a better friend. He is a great man.

@elonmusk Long-term games with long-term people. Loyalty pays. Love to see it 🫡

@elonmusk @SMB_Attorney 100%

“Funding round completed 6pm on Christmas evening in 2008.

Last hour of last day possible, as investors were leaving town that night & we were 3 days away from bankruptcy.

I put in all money I had, didn’t own a house & had to borrow money from friends to pay rent.“

— Elon Musk

@SMB_Attorney He put billions of dollars into SpaceX not just that $1 million loan

@elonmusk @SMB_Attorney Antonio is a great friend ❤️

@elonmusk @SMB_Attorney Did you say Gracias to him after that?

@elonmusk @SMB_Attorney And he was a big part of Doge in the early days! I read about his work on Social Security.

@elonmusk @SMB_Attorney You dont seemed like a good friend to Tesla holders who supported you for the past 6 years

@elonmusk @SMB_Attorney Elon has been through some serious hard times.

Respect.

@elonmusk if you wrote one post every day just to motivate people, it could genuinely be life-changing for millions.

@elonmusk @SMB_Attorney Turns out the best venture capital strategy is sometimes just being a good friend at the right moment. 😄

@SMB_Attorney The $1M loan was separate from Valor’s equity investments that built up the 7.2% stake.

@elonmusk @SMB_Attorney I would love to know what he saw in you at that time that so many other people missed? Yes, you're smart and work hard, but what was the essence that he understood instinctively?

@SMB_Attorney His personal cut will be more like $20b, valuation dependent obvs https://www.celebritynetworth.com/articles/billionaire-news/antonio-gracias-spacex-ipo/

@yourareadoglol @elonmusk @SMB_Attorney What the fuck are you talking about? What priveleges do you think you deserve for holding a few Tesla shares?

@elonmusk @wholemars @SMB_Attorney I have an employee who worked for you back in the day, she is now worth 4.7 million because of your spacex stock options. She will never forget you or what you did for her.

@SMB_Attorney I’m confused didn’t Elon sell his first company for $300 million? Why was he that strapped for cash?

@elonmusk @SMB_Attorney I wonder what happens when you loan a billionaire 1 million dollars? Like do they pay it back?

Because when I loan someone money, I almost never get it back.

@SMB_Attorney “Lent”

Then the “investment” isn’t worth $90 billion.

It’s worth 1 million plus interest.

@elonmusk @SMB_Attorney See that is why Elon is awesome. He comes right out and tells the truth with stuff!!!!