Antonio Gracias, a longtime ally of Elon Musk and a high-ranking member of the initial DOGE team, has stepped down from his role in government, his equity firm announced on Thursday in a response to a request from a top teacher’s union official.

Gracias is the chief executive, chief investment officer, and founder of Valor Equity Partners, a private equity firm that manages $17.5 billion in assets. Gracias had been volunteering at the Department of Government Efficiency since March and had focused on finding waste in the Social Security Administration among other areas.

The investor has served on the board for Musk’s Tesla and SpaceX and shared Musk’s skepticism of the financial health of Social Security. Gracias said that he believed there was “material weakness” in the trust funds set up by the government to keep Social Security solvent.

Read more at Newsmax© 2025 Newsmax. All rights reserved.