Elon Musk Rejects $800 Billion SpaceX Valuation Reports as Inaccurate

SpaceX CEO Elon Musk has firmly refuted media reports suggesting that the space exploration company is preparing a new share sale at an unprecedented valuation of around $800 billion. Taking to X (formerly Twitter), Musk clarified that the reports were inaccurate, emphasizing that SpaceX has been “cash flow positive” for several years and does not require external fundraising for operations. He reiterated that the company instead conducts periodic stock buybacks to maintain liquidity for employees and long-term investors.

Musk explained that any valuation increases for SpaceX are driven purely by technological progress and market expansion associated with Starship, Starlink, and global direct-to-cell connectivity. These segments significantly broaden SpaceX’s commercial reach, contributing to rising investor interest. His remarks came shortly after Bloomberg reported that SpaceX was planning an insider share sale that could value the company between $750 billion and $800 billion, depending on market demand.

According to the Bloomberg report, SpaceX’s Board of Directors recently discussed a potential sale of employee and investor-held shares at more than $400 each. Such a transaction would enable early stakeholders to cash in on gains without the company issuing new equity. If executed at the rumored pricing, the deal would surpass the record $500 billion valuation achieved by OpenAI earlier this year. However, Musk’s statement suggests that these figures remain speculative and subject to significant revision.

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The speculation around a massive valuation move has coincided with renewed rumours of a potential SpaceX initial public offering. Citing unnamed sources, Reuters reported that the company may consider a public listing as early as late 2026, possibly involving both SpaceX’s core launch business and its highly successful Starlink satellite internet division. Previous reports have hinted at a Starlink spin-off, an idea first floated by SpaceX President Gwynne Shotwell in 2020, though no official announcement has been made.

SpaceX remains one of the few private companies consistently capable of raising funds at valuations exceeding $100 billion while postponing or denying intentions to go public. Its rapid advancements in reusable rockets, global satellite broadband, and ambitions for interplanetary travel have cemented its position as a dominant force in aerospace innovation. Despite ongoing speculation, Musk continues to maintain that the company’s focus remains on technological milestones rather than stock market timing.

As conversations around valuation and IPO possibilities intensify, Musk’s latest clarification provides a rare glimpse into SpaceX’s internal financial strategy. While investor interest continues to soar, the company’s long-standing approach—prioritising engineering breakthroughs over fundraising hype—appears firmly unchanged.

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