Overview
- Elon Musk said media claims that SpaceX is raising money at an $800 billion valuation are not accurate.
- Reports from outlets citing unnamed sources described a potential insider secondary sale that could imply a $750–$800 billion valuation, with specifics still subject to change.
- The reported transaction would allow employees and early investors to sell shares rather than raise new capital for the company.
- Coverage also noted discussions reported by Reuters and The Information about a possible IPO as early as late next year, which remain unconfirmed.
- Musk attributed valuation momentum to progress with Starship, Starlink, and direct-to-cell spectrum and said NASA work will be under 5% of revenue next year as Starlink leads sales.