Elon Musk Denies $800 Billion Valuation Rumors

Elon Musk refuted media claims of SpaceX raising funds at an $800 billion valuation, asserting the reports were inaccurate. He clarified that SpaceX has long been cash flow positive and conducts stock buybacks biannually for employee and investor liquidity.

Elon Musk has dismissed reports circulating in the media that SpaceX is raising funds at a staggering $800 billion valuation, labeling them as inaccurate.

In a statement on X, Musk clarified that SpaceX has been cash flow positive for many years. The company conducts semi-annual stock buybacks to ensure liquidity for its employees and investors.

The statement aims to set the record straight amidst ongoing speculation about SpaceX's financial maneuvers in the market.