Elon Musk recently denied reports suggesting that SpaceX intends to sell internal shares with an $800 billion valuation and go public in the second half of next year. On the X platform, he clarified that these claims are inaccurate. Musk explained that SpaceX has maintained positive cash flow for several years and conducts stock buybacks twice a year to provide liquidity to employees and investors. He attributed the company’s increased valuation to progress in Starship and Starlink, as well as acquiring direct-to-cell spectrum globally, significantly expanding SpaceX’s market scope. While valuing NASA, Musk noted that NASA orders next year will account for less than five percent of SpaceX’s revenue, with the commercial sector—especially Starlink—constituting the largest revenue share. He also refuted claims that SpaceX receives subsidies from NASA, stating that the company has won NASA contracts by offering the best products at the lowest prices. Musk emphasized that SpaceX is currently the only organization meeting NASA’s safety standards suitable for crewed space missions. These clarifications come amid growing attention on SpaceX’s rising prominence in the space industry and investment potential. The Starship rocket and Starlink satellite network have secured SpaceX a significant position in space travel and internet connectivity, making the company’s financial health and future plans crucial for investors and the market.
Source: binance
