# Gerber owns SpaceX stock thanks to investing in "sh**ty Twitter with Elon" Gerber questions the math of the new valuation for the combination of X, xAI and SpaceX.

*aerospace · news · 2026-04-23 · Benzinga*

## Key points

- Musk may keep his promise to let Tesla shareholders access SpaceX shares before its IPO.
- SpaceX, X, and xAI have merged into one company, raising valuation concerns.
- SpaceX is targeting a $2 trillion IPO valuation despite $20 billion in annual revenue.
- A large number of private equity and employee shareholders may sell after the IPO lockup ends.
- Concerns exist that mass post-IPO selling could trigger a sharp valuation drop months after listing.

**Companies:** SpaceX, Tesla, Twitter
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/news/space/26/04/52017664/exclusive-ross-gerber-will-sell-some-spacex-shares-at-2-trillion-valuation-how-in-gods-name-is-it-worth-so-much-money)

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