Musk denies $800 billion SpaceX valuation reports

SpaceX has been cash flow positive for many years, Musk said in a post on X

SpaceX logo and miniature satellite model are seen in this illustration created on Mar 10, 2025. REUTERS

Elon Musk on Saturday dismissed media reports that SpaceX is raising funds at an $800 billion valuation, calling them inaccurate.

"SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors," Musk said in a post on X.