Musk Denies $800B SpaceX Valuation, Cites Strong Cash Flow

In a recent public statement, Elon Musk strongly rejected media reports suggesting that SpaceX was attempting to raise capital at a staggering valuation of US $800 billion. He described those reports as “not accurate” and emphasised that the company has been cash-flow positive for many years.

Key Highlights

• Elon Musk rejects reports of an $800 billion SpaceX valuation, emphasizing strong cash flow profitability.
• SpaceX prioritizes employee share buybacks over new fundraising, while IPO speculation continues gaining significant momentum.

Musk noted that instead of raising fresh money to reach such a valuation, SpaceX conducts semi-annual stock buybacks—twice a year—to provide liquidity for employees and early investors rather than pushing a new funding round aimed purely at boosting valuation.

The context for this denial is a flurry of reports suggesting SpaceX was preparing a secondary share sale (allowing insiders and employees to sell shares) that would value the company at around $800 billion. Some publications pointed out that this figure would surpass that of other major private-tech companies, notably OpenAI, which has been valued at roughly $500 billion.

While Musk denies the $800 billion valuation target, separate reports say that SpaceX has informed stakeholders that it is targeting an initial public offering (IPO) in the second half of 2026, possibly including its internet-satellite business, Starlink.

Also Read: Elon Musk Wins Tesla Shareholder nod for $1 Trillion Pay Deal

Furthermore, Musk addressed speculation that NASA’s role as a client gives SpaceX an unfair advantage, clarifying that NASA will account for less than 5 % of revenue next year, and that most of the company’s business comes from commercial markets—not preferential government treatment.

In summary, Elon Musk is keen to portray SpaceX as financially robust and operating with strong fundamentals, not as a company chasing headlines with inflated valuations. He presents the narrative that the company is executing steadily—profitable, disciplined, and focussed on providing liquidity to stakeholders rather than conducting a headline-chasing mega-funding round.