Musk denies $800 billion SpaceX valuation reports
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FILE PHOTO: SpaceX logo and miniature satellite model are seen in this illustration created on March 10, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
Dec 6 (Reuters) - Elon Musk on Saturday dismissed media reports that SpaceX is raising funds at an $800 billion valuation, calling them inaccurate.
"SpaceX has been cash flow positive for many years and does periodic stock buybacks twice a year to provide liquidity for employees and investors," Musk said in a post on X.
(Reporting by Devika Nair in Bengaluru; editing by Diane Craft)
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