Elon Musk Confirms He Will Not Sell SpaceX Shares Ahead of Potential IPO
Elon Musk has affirmed that he will not sell shares of his space company, SpaceX, as preparations continue for its highly anticipated initial public offering (IPO).
The statement was made by Musk on the X platform in response to a user’s suggestion that he sell shares after the lock-up period following the IPO. “I am not selling any stock,” Musk wrote.
The company is reportedly targeting to raise up to $75 billion with a valuation of over $2 trillion. If realised, this would make the SpaceX IPO the largest share offering in the history of the capital market.
Amid preparations for the IPO, SpaceX shareholders approved a stock split with a ratio of 5-for-1.
According to Reuters, the decision was made upon recommendation from the company’s board. This move is considered to expand investor access ahead of the listing on the stock exchange.
With the stock split, the fair market value of SpaceX shares has been adjusted to approximately $105.32 per share, down from around $526.59 per share previously.
Bloomberg previously reported that the stock split also aims to lower the price per share to make it more affordable when the IPO is officially held.
SpaceX is said to be accelerating its IPO schedule after the application process at the Securities and Exchange Commission (SEC) progressed faster than expected.
The company is targeted to begin official marketing or a roadshow in early June 2026. The pricing of shares is expected to take place on June 11, while the listing on the stock exchange is scheduled for June 12, 2026.
Previously, the SpaceX IPO was expected to take place closer to the end of June. However, the acceleration of the process at the SEC is said to have prompted the change in schedule.
The IPO of Musk’s space company has long been anticipated by global investors, along with SpaceX’s dominance in the rocket launch business and the Starlink satellite internet service.
In the IPO process, SpaceX is said to be partnering with a number of major investment banks as lead underwriters, including Morgan Stanley, Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs.
In the market, the SpaceX IPO is seen as one of the most valuable share offerings in Wall Street history.
With a target valuation of around $1.75 trillion and potential fundraising of about $75 billion, the listing of SpaceX shares has the potential to surpass many previous major debuts in the US capital market.
Amid improving investor interest in technology and artificial intelligence (AI) stocks, the SpaceX IPO is also seen as an important test for the revival of the global IPO market, which had slowed due to volatility and economic uncertainty in recent years.