Elon Musk Says He Won't Sell SpaceX Shares After Proposed IPO Tax Plan on May 16

On May 16, Elon Musk responded to a proposed SpaceX IPO tax structure, stating he will not sell any shares. Real estate investor Barrett Linburg had outlined a potential “opportunity zone” tax strategy suggesting that if SpaceX went public under the ticker SPCX at a $2 trillion valuation, Musk could defer or avoid capital gains taxes by reinvesting proceeds into qualified opportunity funds following the lockup period.

The proposal envisioned infrastructure investments in SpaceX’s Starbase in Texas and the Terafab chip manufacturing project, with subsequent asset leasebacks to SpaceX for depreciation and tax benefits. Musk’s brief response on social media directly countered the speculation: “I am not selling any shares.”