Elon Musk won’t sell SpaceX stake before IPO launch
Elon Musk has indicated that he will retain all of his SpaceX shares, as the company is reportedly preparing to submit its long-awaited initial public offering as soon as next week. “I’m not selling any shares,” Musk remarked on X in response to a user suggestion that he might contemplate such action after a lock-up period. According to sources, the company specializing in rockets, satellites, and artificial intelligence could potentially file for an IPO as soon as Wednesday.
SpaceX has filed confidentially, seeking to raise as much as $75 billion at a valuation surpassing $2 trillion, thereby positioning itself for what could be the largest IPO in history. On Friday, shareholders of SpaceX received notification that the company is executing a 5-for-1 stock split, a strategic maneuver designed to reduce the price per share for investors ahead of the forthcoming IPO.
The fair market value per share has been adjusted to roughly $105.32 from $526.59 following the split, according to informed sources. The company intends to commence formal marketing for the share sale on June 4, aiming to price the IPO by June 11 and subsequently list on June 12, as reported.
