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Elon Musk Won't Sell SpaceX Shares Ahead of Potential $75B IPO Filing

GateNews
Stocks
SPCX7.29%

According to Bloomberg, Elon Musk said on X he won’t sell SpaceX shares as the company moves to file for a potential IPO as soon as this week. Musk made the statement in response to a user’s suggestion, writing “I’m not selling any shares.” SpaceX may list on Nasdaq under ticker “SPCX” around June 11–12.

The company is seeking to raise up to $75 billion, with reported valuation targets ranging from approximately $1.75 trillion to over $2 trillion depending on market conditions and regulatory timing. Separately, SpaceX approved a 5-for-1 stock split, expected to be completed by May 22, reducing the per-share price from roughly $526.59 to $105.32.

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