AUSTIN, TX – Elon Musk has publicly refuted recent media reports suggesting that SpaceX is seeking new funding that would value the aerospace company at approximately $800 billion.
Key Highlights from Musk’s Statement:
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Valuation Reports “Inaccurate”: On Saturday (December 6, 2025), Musk took to the X platform (formerly Twitter) to dismiss the reports, stating they were “inaccurate.”
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Cash Flow Positive: Musk asserted that SpaceX has been cash flow positive for several years, implying there is no immediate need for significant external capital raising.
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Stock Buybacks Explained: He clarified that what is actually occurring are stock buybacks, which happen bi-annually. These internal transactions are conducted to provide liquidity for employees and existing investors, allowing them to sell their shares internally—not an external primary funding round.
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Drivers of Increased Value: Musk confirmed the substantial increase in the company’s valuation is driven by major advancements in the Starship program, the Starlink satellite constellation, and the securing of global direct-to-cell frequencies, which dramatically expands their total addressable market.
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IPO Speculation: The original media reports also speculated that SpaceX might be preparing for an Initial Public Offering (IPO) as early as late 2026, though Musk did not comment on this specific detail.
In summary, while the company’s internal valuation is clearly rising due to its programs’ success, Musk firmly denied the claim that SpaceX is actively raising external capital at the reported $800 billion valuation.