--- title: "Elon Musk Denies “False” Reports of SpaceX Stock Sale" description: "After reports emerged that Elon Musk may be considering a secondary stock sale for his SpaceX rocketry company, the man himself gave a one-word denial. " date: "2022-11-16" modified: "2022-11-16" authors: - name: "Noor Al-Sibai" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/nooralsibai" url: "https://futurism.com/the-byte/elon-musk-denies-spacex-stock-sale" categories: - "Elon Musk" - "Future Society" - "Space" - "SpaceX" - "The Industrialists" tags: - "elon musk" - "SpaceX" - "the digest" - "twitter" --- # Elon Musk Denies “False” Reports of SpaceX Stock Sale ![After reports emerged that Elon Musk may be considering a secondary stock sale for his SpaceX rocketry company, the man himself gave a one-word denial. ]() *\Image: HANNIBAL HANSCHKE/POOL/AFP via Getty Images\* ## Fake News After reports emerged that serial CEO Elon Musk may be considering a secondary stock sale for his SpaceX rocketry company, the man himself gave a one-word denial. First [reported by *Bloomberg*](), the alleged fundraiser would see SpaceX shares sold at around $85 apiece, would bring the value of the company up to $150 billion and encourage investors and employees to cash out — if any of it's true, that is. In response to *Bloomberg*'s tweet about the reported plan, though, Musk had [just one word](): "false." ## Seller's Market To be clear, we don't know exactly what part about the story Musk takes issue with. Is he denying the fundraiser completely, denying how much the stocks would be sold for, or criticizing the potential valuation figure? News of this will-they, won't-they stock sale comes after a tumultuous few weeks [over at Twitter](), where Musk promptly fired half the company's staff after taking the helm following the $44 billion bill of sale. It's unclear what kind of financial position the business-buyer is in now, but a secondary stock selloff of this sort is, as *Bloomberg* notes, not uncommon during a regular fundraising round. It's all very confusing, to say the least — and the multi-hyphenate owner is not making things any easier. **More SpaceX:** [*A Tesla Executive Under Investigation Is Now Working at SpaceX for Some Reason*]() ## Author At Futurism, I've often been drawn to unpacking the narratives that underlie technological, scientific and medical progress, with a special interest in areas of conflict and ambiguity that end up setting agendas and steering the fates of both elites and the hoi polloi. I'm a committed generalist, but I often find myself returning to work involving NASA and the private space sector, the effects of AI on media and society, and the mechanics of the pharmaceutical industry, with a specific focus on the spread of GLP-1 drugs like Ozempic and Wegovy. Prior to Futurism, I worked for publications ranging from Media Matters and Truthdig to Raw Story and Bustle. I'm also the author of "Myspace Scene Queens," a 2024 title in Instar Books' acclaimed "Remember the Internet" series. My work at Futurism has been cited by outlets including the New Yorker, Slate, Nieman Lab, the Verge, the MIT Technology Review, the Sunday Times, and the Daily Beast. I grew up in North Carolina, attended the University of North Carolina at Asheville, and now live in Brooklyn, New York. In my free time, I'm an avid reader and music fan; you can probably find me at a local poetry reading, concert, underground rave, or DJ set. I'm the proud parent of an ineffable orange cat named Mee-Mow. ### Author social links [Bluesky]()