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. He emphasized that while he appreciates NASA, its orders will account for less than 5% of SpaceX's revenue next year. The commercial sector, particularly Starlink, is the largest contributor to the company's income. Musk refuted claims that SpaceX receives subsidies from NASA, asserting that the SpaceX team won NASA contracts by offering the best products at the lowest prices. He highlighted that SpaceX is currently the only option that meets NASA's safety standards for astronaut transportation.