Musk denies $800 billion SpaceX valuation reports
Tweet
Share
E-mail
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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Evergrande founder Hui Ka Yan, from property tycoon to life in jail
- Taiwan proposes boosting 2027 defence spending 18% to a record high
- Treasury's upsized buybacks may complicate Fed's monetary policy work
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
