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Elon Musk denies SpaceX is worth $800 billion, citing self-sufficiency through Starlink, reusable rockets, and Starship progress.
Elon Musk has denied reports that SpaceX is valued at $800 billion, calling the claims inaccurate.
He stated the company has been cash flow positive for years and conducts biannual stock buybacks to provide liquidity for employees and investors, without pursuing major new funding rounds.
Musk emphasized SpaceX’s financial self-sufficiency, driven by its Starlink satellite internet service, reusable rocket launches, and progress on the Starship program.
He clarified that NASA accounts for less than 5% of revenue, rejecting claims of subsidies, and noted the company wins contracts based on cost and performance.
Recent successful launches, including 28 Starlink satellites and a returning Falcon 9 booster, underscore ongoing operational success.
Elon Musk niega que SpaceX valga $ 800 mil millones, citando la autosuficiencia a través de Starlink, cohetes reutilizables y el progreso de Starship.