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Musk says he will not sell any SpaceX shares

2026-05-16 09:41

Elon Musk stated that he will not sell any shares of SpaceX. Reports indicate that the company could publicly file its long-awaited IPO application as early as next week. Musk responded to a user's post on the X platform, writing: "Not selling a single share." The user had suggested he sell shares after the lock-up period ends. According to sources familiar with the matter, the company—which operates in the rocket, satellite, and artificial intelligence sectors—could publicly submit its IPO filing as early as Wednesday. The company has previously filed confidentially, planning to raise up to $75 billion at a valuation exceeding $2 trillion, which would make it the largest IPO in history.