Elon Musk has refuted media reports claiming SpaceX is raising capital at an $800 billion valuation, calling the stories “inaccurate.”
Musk clarified on X that SpaceX has been cash-flow positive for many years and does semiannual stock buybacks to provide liquidity for employees and existing investors — not to raise new funds.
The clarification comes amid growing speculation around SpaceX’s valuation as Starlink expands globally and the company scales its Starship launch program.