Elon Musk denies report of SpaceX seeking $800b valuation

Elon Musk has rejected reports that SpaceX is raising funds at an US$800 billion valuation.

He said on X that the reports were inaccurate and noted the company has been cash flow positive for many years.

He added that SpaceX conducts stock buybacks twice a year to provide liquidity for employees and investors.

The US-based company develops and launches rockets, satellites, and spacecraft.

🔗 Source: Reuters

🧠 Food for thought

Implications, context, and why it matters.

$800 billion comes from talks about a company tender offer (a secondary sale where existing shareholders sell to new buyers) at prices above $400 per share, up from $212 in July 1.
This differs from a primary fundraising round, where SpaceX would issue new shares to raise money. Musk says SpaceX is cash flow positive and not raising primary capital 2.
Investors are betting on Starlink (SpaceX’s satellite internet business), with commercial operations expected to drive growth as NASA contracts drop below 5% of revenue next year 2.
These secondary sales serve as internal price-discovery events held twice yearly, giving liquidity to employees and early investors without diluting ownership 2.

Third-party integrators (firms that design and install tech systems) and managed service providers (outsourced IT providers) can apply to the Starlink authorized reseller program, which requires a plan for at least $5 million in annual recurring revenue from Starlink data services 3.
Authorized resellers handle on-site deployment and 24/7 support. They also offer custom billing, cybersecurity integration, and bonded connectivity solutions (combining multiple links for higher reliability and throughput) for enterprises plus government buyers 3.
With SpaceX exploring an IPO as soon as late next year 1, resellers can build a foothold now while Starlink expands a fleet of more than 9,000 satellites 1 and scales commercial operations as the main revenue driver 2.