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07:51
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."
07:11
Ackman: Selling Google shares does not mean shorting the company
We are very optimistic about Alphabet in the long term.
07:04
Data: ASTEROID on Ethereum surges over 16% in 24 hours, market cap rises to 139 million USD
ChainCatcher reports, according to GMGN data, ASTEROID on Ethereum has risen over 16% in 24 hours, with a market capitalization reaching 139 million US dollars and a 24-hour trading volume of 14 million US dollars. It is reported that the narrative of the meme coin ASTEROID originates from a 15-year-old girl, Liv Perrotto. Her biggest wish during her lifetime was to meet Musk, and she participated in designing a Shiba Inu plush toy called “Asteroid.” After the girl passed away, her mother wrote an open letter to Musk, which was later picked up and disseminated by renowned media personality Glenn Beck on his show. On April 19, Musk agreed for Asteroid to become the SpaceX mascot.
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