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Valor Equity Partners, one of Elon Musk's longtime financial backers, is distributing SpaceX stock directly to its limited partners instead of returning cash, according to a TechCrunch report. The move highlights the private space company's soaring valuation and gives investors direct equity exposure rather than liquidity events typical of fund distributions. The distribution comes as SpaceX prepares for a major operational milestone with its first orbital Starship launch attempt, underscoring continued investor confidence in the company's growth trajectory even as it remains privately held.