According to the latest reports, SpaceX was eyeing an $800 billion valuation in a planned insider share sale. The coverage triggered a wave of excitement and investor curiosity.
But SpaceX CEO Elon Musk stepped in and called the rumours “not accurate.” He clarified that SpaceX has been cash-flow positive for years. Elon Musk insisted the company focuses on real growth, not inflated price tags.
There has been a lot of press claiming @SpaceX is raising money at $800B, which is not accurate.
SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors.
Valuation increments are a…
— Elon Musk (@elonmusk) December 6, 2025
Elon Musk Denies $800B Valuation Bid for SpaceX
Elon Musk addressed the rumours directly on X, saying the reports misrepresented SpaceX’s financial plans and overstated the company’s current valuation. “There has been a lot of press claiming SpaceX is raising money at $800B, which is not accurate.
SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors,” he wrote.
He added, “Valuation increments are a function of progress with Starship and Starlink and securing global direct-to-cell spectrum that greatly increases our addressable market.”
What Sparked the $800B Valuation Buzz?
The speculation stemmed from a report suggesting SpaceX planned an insider share sale. According to that report, some investors and employees could sell stakes, which, at certain prices, would imply a company valuation in the $750–800 billion range. That number stood to surpass the high benchmarks set by other private tech and space firms.
Though the insider sale reportedly would not raise new capital for SpaceX, it would allow early investors and staff to cash out. Some versions of the report said the deal might pave the way for a full initial public offering (IPO) as early as late 2026.
Musk Reaffirms Long-Term Strategy & Focus on Starship, Starlink
Instead of chasing headline-grabbing valuations, Musk emphasized real progress in SpaceX’s core missions. He pointed out:
- Development of Starship — the next-generation rocket system.
- Expansion of Starlink — the company’s global satellite internet network.
- Acquisition of direct-to-cell spectrum, giving SpaceX a chance to reach a broader market.
According to Musk, these tangible advances — not press speculation — will drive SpaceX’s real value in the long run.
What This Means for Investors & the Industry?
The pushback from Musk tempers the hype around the $800 billion figure. For investors and employees hoping for windfall gains, the message is clear: don’t count on inflated valuations. Instead, value lies in execution and growth fundamentals.
For the wider space and tech industry, the episode underscores the volatility around valuations — especially when tied to insider share sales or speculative reporting.
What’s Next for SpaceX?
SpaceX appears to stay grounded on long-term ambition. Whether through rocket launches, expanding satellite broadband, or tapping new markets — the company seems keen to prove value the old-fashioned way. But for those chasing big numbers, Musk’s statement serves as a reminder: real value often lies not in estimates, but in results.
