Elon Musk Pushes Back as Reports Claim SpaceX Is Worth $800 Billion

07 December 2025

When headlines flashed that SpaceX might be raising funds at an $800 billion valuation, expectations surged but Elon Musk quickly stepped forward to set the record straight, calling the claims inaccurate and reaffirming that the company has been sustainably cash-flow positive for years.

The valuation spike stemmed from reports that SpaceX was nearing a secondary share sale and considering a public offering as early as 2026. Those projections would have placed the company ahead of all privately held firms worldwide, a dramatic leap from its roughly $400 billion valuation earlier in 2025.

Musk wasted little time countering the narrative. A post on his social-media platform made it clear: no funding round tied to such a lofty $800 billion price tag is underway. He noted that SpaceX regularly conducts semi-annual stock buybacks to offer liquidity to employees and investors, signaling confidence in the company’s existing financial health.

The story behind the $800 billion valuation is that SpaceX reportedly floated the opportunity to allow existing shareholders, early investors and insiders to sell stakes at a price that, on paper, would push the company’s worth into record-setting territory. That deal wouldn't raise fresh capital but would enable insiders to realise gains on their holdings.

For Musk, the bigger picture depends on tangible progress: breakthroughs with Starship rockets, the continuing rollout of the satellite network Starlink and securing spectrum, factors he says drive any genuine rise in valuation.

Some analysts see this as a market recalibration rather than a dismissal. Speculation of an eventual IPO perhaps in late 2026 continues, but under far more measured terms than the media frenzy suggested.

For now, the message from SpaceX is firm: impressive valuations are nice to headline, but sustainable operations, steady cash flow and long-term project bets remain the company’s foundation. Whether investors and the public buy into that and what it might mean for the broader space-tech boom remains to be seen.