SpaceX to pursue share sale at $800 billion valuation, report says
Elon Musk has set the record straight about SpaceX’s valuation after several media outlets claimed the company was raising new funds at a staggering $800 billion valuation. On Saturday, Musk publicly denied those reports, saying they simply aren’t true.
In a post on X, Musk explained that SpaceX has been cash-flow positive for years, meaning it brings in more money than it spends. Because of this strong financial position, he said the company doesn’t need to raise money at such a valuation.
Musk also shared that SpaceX conducts stock buybacks twice a year. This allows employees and early investors to sell some of their shares if they want to, giving them healthy liquidity without needing to raise outside capital.
His message was clear: SpaceX is doing well, but the rumored $800 billion valuation isn’t accurate.
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