Recently news is coming out that Spacex CEO Elon Musk is now going to sell SpaceX shares. This news is quite shocking for Elon Musk’s fans, investors, and stock daily traders. According to this news, what is the next plan for Elon Musk, it is not told whether Elon Musk will take any risks like withdrawing $150 Billion or these are just rumors. On one hand, Elon Musk’s plan is that he has not been making a profit in SpaceX for many years and SpaceX is not getting the same amount of profit that Stalink, Tesla, and Boeing are giving. Because this plan of Elon Musk indicates 3 sides. First, does Elon Musk now want to sell SpaceX to the US government, second does Elon Musk want to sell SpaceX to Starlink, third does Elon Musk now want to invest huge money in Tesla, Boeing, and Starlink? – Now it is in your hands what you will think.
How Elon Musk’s deal of SpaceX shares to be processed?
In this case, Twitter/X can also be used. Ever since Elon Musk bought Twitter/X, almost as much profit has been made in the last 5 years as Elon Musk has been incurring losses this year. Elon Musk-owned SpaceX will sell all of its values of about $150b in a single trade with the SEC and US Congress. Recently there have been a lot of rumors and maybe even reality that Elon Musk may sell all his stocks that he holds in SpaceX. But this deal will affect most SpaceX stock or share holders. Because Elon Musk will make such a big deal, investors and banks will also suffer losses. By the way, the total value of SpaceX is $150 billion, so if they sell a lot of stocks, it would probably be like selling a company.
Elon Musk will affect the US finanacial, Stocks and Bond amid selling of SpaceX Shares in 2024.
if Elon Musk sells all the stock, then even the common people will have to face the problems because their payment will also be bigger which may take a lot of time at the time of conversion into Stock/USD. By the way, after selling the Spacex stock, Elon Musk might immediately convert it into some other companies or bonds because MicroStrategy has also done the same recently. Everyone has a Plan B, but this move of Elon Musk will probably also affect Tesla, Q (formerly Twitter), Boring Company, Neuralink, Grok, and xAI. The biggest question is that Elon Musk’s next plan could be like Japan. Japan recently invested billions of USD in bonds.