Elon Musk Clarifies SpaceX Valuation and Future Plans

According to Odaily, Elon Musk has addressed recent reports suggesting SpaceX plans to sell internal shares at an $800 billion valuation and go public in the latter half of next year. Musk clarified on the X platform that these claims are inaccurate. He stated that SpaceX has maintained positive cash flow for years and conducts regular stock buybacks twice annually to provide liquidity for employees and investors. Musk attributed the company's valuation increase to advancements in Starship and Starlink, as well as securing global direct-to-cell spectrum, which significantly expands SpaceX's market reach source: https://www.binance.com/en/square/post/33426250284313?utm_source=BinanceNewsRSS