Deals
Musk Denies Reports of SpaceX Seeking $800 Billion Valuation
SpaceX launches Starlink 6-86, with a payload of 29 satellites, from the Kennedy Space Center in Florida, on Dec. 1.
Photographer: Scott Schilke/SIPAPRE/AP Photo
Elon Musk denied news reports that his rocket and satellite maker SpaceX is seeking a $800 billion valuation through a share sale.
“There has been a lot of press claiming SpaceX is raising money at $800B, which is not accurate,” Musk said in a post Saturday on his social media platform X. “SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” he said.