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Tesla sold more than $5 million worth of stuff to Elon Musk's other companies in 2020, filings reveal


Tesla sold more than $5 million worth of stuff to Elon Musk s other companies in 2020, filings reveal
tlevin@businessinsider.com (Tim Levin)
© Britta Pedersen-Pool/Getty Images
Elon Musk s various ventures have collaborated extensively over the years. Britta Pedersen-Pool/Getty Images
A Friday filing with the SEC shows how Tesla worked with Elon Musk s other ventures in 2020.
SpaceX spent nearly $5 million with Tesla for vehicle parts, engineering, and a custom tool.
The Boring Company, Musk s tunneling firm, bought $300,000 worth of energy systems from Tesla.
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SpaceX, Musk s rocket firm where he serves as both CEO and CTO, bought $2.6 million worth of vehicle components from the electric-car maker in 2020, the document filed Friday with the US Securities and Exchange Commission said. The space startup also spent $1.5 million on Tesla energy systems and related components and services in 2020. ....

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SpaceX investor Valor Equity raises $1.7bn in the latest growth equity fund


SpaceX investor Valor Equity raises $1.7bn in the latest growth equity fund
Thursday, April 29, 2021
Laxman Pai, Opalesque Asia:
Chicago- headquartered Valor Equity Partners announced that it officially closed its fifth fund - Valor Equity Partners V - at $1.7 billion. The oversubscribed fund closed at its hard cap.
Following the Fund V close, Valor is managing approximately $7.3 billion in regulatory assets from a broad range of global, institutional, family office, and high net worth investors.
Led by Antonio Gracias, Valor is perhaps best known for its investments in Elon Musk-owned companies Tesla, SpaceX, and The Boring Company. It s also backed a handful of Chicago startups, such as Cameo, Ocient, Fooda, Catalytic, and Uptake. ....

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