Elon Musk Debunks $800B SpaceX Valuation Rumor

Elon Musk has clarified misinformation circulating in the media regarding SpaceX's valuation. Contrary to reports, Musk stated that the company is not raising funds at an $800 billion valuation. This announcement comes amid ongoing speculation about SpaceX's financial standing and future investments.

Elon Musk has publicly addressed incorrect reports suggesting that SpaceX, his pioneering space exploration company, is seeking investment at a staggering $800 billion valuation. Musk took to social media to refute these claims, emphasizing that they are not accurate.

In a recent post, Musk clarified the situation, responding to widespread media coverage that has misrepresented SpaceX's financial strategies. 'There has been a lot of press claiming SpaceX is raising money at $800B, which is not accurate,' he stated.

This statement aims to quell rumors and speculation, providing a more transparent view of SpaceX's current financial status and future funding intentions. As SpaceX continues its ambitious projects, maintaining accurate information in the public domain remains crucial.

(With inputs from agencies.)