FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Gracias Antonio J.

(Last) (First) (Middle)
C/O VALOR EQUITY PARTNERS
320 NORTH SANGAMON STREET, SUITE 1200

(Street)
CHICAGO IL 60607

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
06/11/2026
3. Issuer Name and Ticker or Trading Symbol
SPACE EXPLORATION TECHNOLOGIES CORP [ SPCX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 503,414,530
I
See Footnotes (1) (2) (3)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The reported securities are held of record by the following entities: (i) CV Consortio A LLC, (ii) CV Consortio F LLC, (iii) CV Consortio G LLC, (iv) CV Consortio M LLC, (v) CV Consortio N LLC, (vi) KVSX I L.P., (vii) TM33 Partner Holdings LLC, (viii) Valor Equity Partners Opportunity Fund I L.P., (ix) Valor Equity Partners Opportunity Fund I-A L.P., (x) Valor Equity Partners Opportunity Fund I-B L.P., (xi) Valor Equity Partners VI L.P., (xii) Valor Equity Partners VI-A L.P., (xiii) Valor Equity Partners VI-B L.P., (xiv) Valor IV Space Holdings, LLC, (xv) Valor M33 II L.P., (xvi) Valor M33 IV L.P., (xvii) Valor M33 V L.P., (xviii) Valor M33 VI L.P., (xix) Valor M33 L.P., (xx) Valor R&D Series LLC,
2. (continue from footnote 1) (xxi) Valor Space Holdings, LLC, (xxii) Valor V Space Holdings, L.P., (xxiii) Valor VII Space Holdings, L.P., (xxiv) VG 1.0 L.P., (xxv) VG 2.0 L.P., (xxvi) VG AI Holdings L.P., (xxvii) VGX 1.0 L.P., (xxviii) VOF Space Holdings L.P., (xxix) VSV II XAI Holdings L.P., and (xxx) VX Holdings L.P. (collectively, "Valor Entities").
3. By virtue of the Reporting Person's position with the Valor Entities or the general partners of the Valor Entities, the Reporting Person may be deemed to have beneficial ownership of the shares held of record by the Valor Entities. The Reporting Person disclaims beneficial ownership of the shares held of record by each of the Valor Entities, except to the extent of his pecuniary interest therein.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Antonio J. Gracias 06/11/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

EX-24