Elon Musk has said he does not plan to sell any SpaceX shares as the company moves closer to a possible public listing that could rank among the largest initial public offerings ever reported. Musk made the statement on X in response to a user who suggested he sell shares after a lockup period. “I’m not selling any shares,” he wrote. The comment came as reports said SpaceX may file publicly for its IPO as soon as next week after already filing confidential paperwork. The company is reportedly seeking to raise as much as $75 billion through the offering. Reported valuation targets range from about $1.75 trillion to more than $2 trillion, depending on final terms, market conditions and regulatory timing. SpaceX is expected to list on the Nasdaq under the ticker “SPCX,” with reports pointing to a possible market debut around June 11 or June 12. Final timing may still change. SpaceX Approves 5-for-1 Stock Split SpaceX shareholders were notified that the company is carrying out a 5-for-1 stock split ahead of the expected IPO. The split reduces the fair market value of each share from about $526.59 to roughly $105.32. Under the split, each existing share becomes five shares. The overall ownership percentage of each shareholder remains unchanged, while the lower per-share price may make the stock more accessible to a wider investor base once it begins trading publicly. The split is expected to be processed during the week of May 18 and completed by May 22, according to reports citing people familiar with the matter. Stock splits do not change a company’s total valuation. They adjust the number of shares and the price per share. Companies sometimes use stock splits before or after periods of high investor demand to improve trading liquidity and reduce the visible cost of each share. IPO Could Raise Up to $75 Billion SpaceX’s planned offering is being closely watched because of the company’s scale across rockets, satellite internet, and artificial intelligence-related operations. Its Starlink satellite business, launch services, and government contracts have made the company one of the most valuable private firms in the world. As we reported, SpaceX could seek to raise up to $75 billion in the IPO. If completed near the reported valuation range, the listing would place SpaceX among the world’s most valuable publicly traded companies. A banking group reportedly includes Morgan Stanley, Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs. These firms are expected to help manage the offering if the company moves forward. The company’s public filing could come as soon as Wednesday, according to Bloomberg’s report, citing people familiar with the matter. A public filing would give investors more details on SpaceX’s financial position, risk factors, business structure, and governance terms. Elon Musk Expected to Keep Voting Control Musk currently owns a large SpaceX stake and is expected to maintain control after the IPO through a dual-class share structure. Reports say he owns about 42% of the company’s equity and may retain about 78% of voting power after the listing. Dual-class share structures allow founders or insiders to hold shares with greater voting rights than ordinary public shares. These structures are common among founder-led technology companies, though they can limit the influence of outside shareholders. The reported IPO structure may also include strict insider control provisions, supervoting rights, and arbitration clauses. Investors will review these details once public filings are available. Consequently, Elon Musk’s statement that he does not plan to sell SpaceX shares may be viewed by investors as relevant to founder alignment, though the final IPO documents will determine how many shares are offered and whether any existing investors sell stock.
