NEWS: Valor distributed 42 million SpaceX shares to its own investors.
A new SEC filing shows Valor, the fund run by SpaceX director Antonio Gracias, moved about 42.8 million Class A shares on September 11. This was not a sale.
The shares went straight to the investors in Valor's funds, in-kind and with no cash changing hands, under a plan set up back in June.
Gracias's total SpaceX stake went from about 503 million shares to about 461 million. Nothing was sold on the open market.
Source: SEC Form 4, Space Exploration Technologies (SPCX)