Elon Musk On SpaceX Starship: Elon Musk, CEO of Tesla and SpaceX, pushed back on Saturday against media reports claiming SpaceX is raising new capital
at an $800 billion valuation. The Wall Street Journal had reported that SpaceX was initiating a secondary share sale that could value the company at up to $800 billion, potentially making it the most valuable private U.S. company ahead of OpenAI. Musk clarified that the reports were inaccurate, emphasizing that SpaceX has been cash flow positive for years and conducts periodic stock buybacks twice annually to provide liquidity for employees and investors, rather than raising fresh funds. Drivers of Valuation Growth He added that any valuation increases stem from advancements in Starship and Starlink, along with securing global direct-to-cell spectrum to expand the addressable market. Response to NASA Subsidy Claims Musk also addressed claims of NASA subsidies, stating that government contracts represent less than 5% of SpaceX's expected revenue next year, with commercial Starlink operations as the primary driver. He stressed that SpaceX wins NASA contracts competitively by offering the best product at the lowest cost.
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
Musk's Statements on X
“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,” said the billionaire in a series of X posts.
“And one other thing that is arguably most significant by far,” he added.
Musk said while he has have great fondness for NASA, “they will constitute less than 5 per cent of our revenue next year”.
“Commercial Starlink is by far our largest contributor to revenue. Some people have claimed that SpaceX gets ‘subsidised' by NASA. This is absolutely false,” said Musk.
While I have great fondness for @NASA, they will constitute less than 5% of our revenue next year. Commercial Starlink is by far our largest contributor to revenue.
Some people have claimed that SpaceX gets “subsidized” by NASA. This is absolutely false.
The SpaceX team won…— Elon Musk (@elonmusk) December 6, 2025
“The SpaceX team won the NASA contracts because we offered the best product at the lowest price. BOTH best product AND lowest cost. With regard to astronaut transport, SpaceX is currently the only option that passes NASA safety standards,” he added.
Recent SpaceX Launch Activity
SpaceX last week sent up 28 Starlink satellites to orbit from Vandenberg Space Force Base, California. The reusable first stage returned 8.5 minutes after liftoff, demonstrating the booster's reusability.
This was the 156th Falcon 9 mission of the year by the company. There are now thousands of Starlink satellites in the constellation.
(With IANS inputs)
