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Musk Responds to "SpaceX Post-IPO Tax Avoidance Scheme" Discussion: Will Not Sell Any Shares

BlockBeats News, May 16th - American real estate investor Barrett Linburg proposed a tax structure idea regarding a potential SpaceX IPO in an article. He mentioned that if SpaceX were to go public with the ticker symbol SPCX and achieve a valuation of $2 trillion, Musk could sell his shares after the lock-up period and reinvest the capital gains into a qualified opportunity fund to benefit from long-term deferred or even tax-free treatment.


This plan envisions Musk utilizing the opportunity zone where Texas Starbase and the chip manufacturing project Terafab are located to make infrastructure investments. SpaceX would then lease back the related assets to achieve capital gains deferral, depreciation tax benefits, and long-term tax-free exits.


Subsequently, Musk himself briefly responded on social media, saying, "I am not selling any shares."

Source: BlockBeats

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