Musk denies rumors of SpaceX raising funds at an 800 billion valuation, but remains silent on IPO plans

[On-chain News] Is SpaceX aiming for an $800 billion valuation and planning an IPO next year? Musk has stepped up to refute the rumors.

He directly denied the $800 billion valuation funding rumors on social media, saying the figure is “inaccurate.” However, Musk did reveal some key points—SpaceX hasn’t been short on cash for a long time, their cash flow has always been positive, and they conduct two stock buybacks each year to let employees and investors cash out.

As for how high the valuation can go? Musk said it depends on the progress of the Starship and Starlink projects, as well as whether they can secure global spectrum resources for direct-to-mobile connectivity. But he cleverly avoided the IPO topic and didn’t mention it at all.

This kind of “half denial, half confirmation” response—take a closer look. In any case, the market still has big expectations for this company, since it’s holding onto some serious hard-tech projects.